The board of Speed Medical Company approved hiring Osoul Arabia for Investment and Financial Consultancy as an independent financial advisor to conduct a fair value study on the sale of Speed Hospital Company.

UAE-based Amlak Finance fully exited its operations in Egypt after selling its subsidiary Amlak Finance Egypt to Al Baraka Bank Egypt for EGP 400 million.

Agro New Vision Distribution has increased its stake in Misr Beni Suef Cement (MBSC) to 12.03% from 5.94% after purchasing 3.722 million shares for a total of EGP 174.863 million.

EFG Hermes’ investment banking division has concluded an accelerated book build (ABB) on behalf of Helmerich & Payne (H&P).

The Egyptian government is reconsidering its decision to sell the Beni Suef Power Plant, which was constructed by Siemens, under the state’s initial public offering (IPO) program.

Orascom Development Egypt (ODE) has announced the sale of a 145,266-square-meter land plot in El Gouna for EGP 1.54 billion.

Telecom Egypt has retracted from selling its stake in Vodafone Egypt, as it anticipates garnering profits of up to EGP 3 billion from this stake in 2024.

The Central Bank of Egypt (CBE) has sold three-month treasury bills (T-bills) valued at EGP 53.355 billion at an average yield of 25.45% in an auction on April 29th, as per data by the central bank.

The Administrative Capital for Urban Development (ACUD) is planning to offer over 30 new land plots for sale to companies before the end of June.

Amazon.eg, the leading online retailer in Egypt, will launch six-month installment plans with 0% interest, in collaboration with three major banks, with the Eid Sale event kicking off on March 28th exclusively for Amazon Prime members.

Amazon Egypt has launched the Ramadan sale event, offering additional instant bank discounts and 0% installment plans to customers with valU, CIB and Banque Misr.

Raya Holding for Financial Investments is planning to offer a stake in three subsidiaries for sale on the Egyptian Exchange (EGX), the company’s Chairman Medhat Khalil said.

Egypt has offered six companies for partnership with the private sector under the state’s initial public offering (IPO) program, Minister of Public Business Sector Mahmoud Esmat said.

Arab Company for Tourism and Hotels Investments (ICON), a subsidiary of Talaat Moustafa Group Holding (TMG Holding), is leading a consortium to complete the acquisition deal of Egyptian historic hotels.

The Egyptian government is considering concluding the sale of a stake in the fuel retailer Wataniya within a maximum of a month or two.

Egypt is working on restructuring Chillout gas stations to be sold to the private sector after concluding the sale deal of the military-owned National fuel retailer Wataniya.

Egypt will conclude the sale of seven hotels, including historic ones, by the end of 2023, Head of The Sovereign Fund of Egypt (TSFE) Ayman Soliman said.

Banque Misr is getting ready to gradually sell EGP 120 billion worth of untapped land plots or offer them as an in-kind contribution of shares to foreign or Arab investors via The Sovereign Fund of Egypt (TSFE).

Heliopolis Housing is a leading Egypt-based real estate development company that operates in land reclamation and subdivision, residential real estate development and management, property purchase and sale, and project planning and supervising.

The Egyptian International Pharmaceutical Industries Company (EIPICO) has denied receiving any offers to sell the main shareholder’s stake in the company to a strategic investor.