Arab Finance Interview with Ayman Korra, President and CEO of Korra Energi

The private offering of Korra Energi has been covered 2.7 times on the first day of subscription, according to a disclosure by Prime Capital.

The Egyptian Exchange (EGX) is working to transform into a financing platform supporting national projects and productive sectors through the development of market tools and trading mechanisms, alongside efforts to improve operational efficiency and attract more local and foreign investments, according to Omar Radwan, Chairman of the EGX.

Korra Energi plans to offer 247.50 million shares, representing 11% of its total capital shares, on the Egyptian Exchange (EGX) at an offering price of EGP 2.97 per share.

Ayman Korra, President & CEO of Korra Energi, detailed the company’s initial public offering (IPO) on the Egyptian Exchange (EGX) in line with its growth strategy to become a global player.

The Egyptian Exchange (EGX) Vice Chairman Mohamed Sabry has probed the final arrangement for the temporary listing of six new companies under the government's initial public offering (IPO) program.

The Egyptian government will announce the timeframe for the initial public offerings (IPOs) of Banque du Caire and Misr Life Insurance Company on the Egyptian Exchange (EGX) during May and June, Minister of Investment and Foreign Trade Mohamed Farid announced in a meeting with a delegation from HSBC and Bank for International Settlements (BIS).

Minister of Investment and Foreign Trade Mohamed Farid presented the government’s economic reform agenda and developments on Egypt's initial public offering (IPO) program during a meeting with the global, full-service investment banking and capital markets firm Jefferies Group in Washington, D.C.

Egypt is targeting three initial public offerings (IPOs) before the end of the current fiscal year (FY) 2025/2026.

The Egyptian government plans to temporarily list 20 companies affiliated with the Ministry of Public Business Sector on the Egyptian Exchange (EGX) by the end of April, Hashem El Sayed, Assistant Prime Minister, said.

Egypt is set to complete four major transactions for financial closure before the end of the state ownership policy (SOP), according to the International Monetary Fund’s (IMF) seventh and eighth review of Egypt’s economic reform program.

Egypt-based e-commerce platform Breadfast has raised $50 million in a pre-Series C funding round as it prepares for a larger Series C round expected in the first half (H1) of 2026.

B Investments Holding plans to list El-Ezaby Pharmacies on the Egyptian Exchange (EGX) within a year, according to Hazem Barakat, chairman of the board of directors.

Shares of Gourmet Egypt.com Food rose about 24% in early trade on Tuesday, February 10th, after the food company made its debut on the Egyptian Exchange (EGX).

Gourmet Egypt for Food Industries has successfully closed its bookbuilding process and priced its initial public offering (IPO) at EGP 6.90 per share, according to a press release.

Egypt-based premium food retailer Gourmet Egypt for Food Industries has announced the indicative offer price range and the start of the subscription period for its initial public offering (IPO) on the Egyptian Exchange (EGX), offering up to about 47.6% of its existing ordinary shares through a full secondary sale.

Gourmet Egypt.com for Food Products intends to proceed with an initial public offering (IPO) of its ordinary shares on the Egyptian Exchange (EGX).

Egypt is studying a plan to transform the Egyptian Exchange (EGX) into a joint-stock company in preparation for a potential listing and initial public offering (IPO), as part of broader government efforts to revitalize the capital market and expand the privatization program.

The Egyptian Exchange (EGX) is heading into what market officials and analysts expect to be one of its strongest investment years, with preparations underway to list around eight new companies in 2026, mainly from the medical and tourism sectors.

Qalaa Holdings’ board of directors met to review the company’s plans to reduce loans and borrowing costs and agreed on several measures to be studied further.