EFG Finance, the non-bank financial institution's arm of EFG Holding, has announced divestment from PayTabs Egypt by selling its 51% stake to PayTabs Global for an undisclosed amount.

Orascom Development Holding, owned by Egyptian billionaire Samih Sawiris, has signed a binding agreement to sell its 73%-owned subsidiary RAK Tourism Investments in the UAE for about $40 million.

Asek Company for Mining (Ascom) announced that its 100%-owned subsidiary APM Investment Holdings BVI has sold 2.2 million shares of Canadian Allied Gold Corp during the first quarter (Q1) of 2024 for a total of $5.16 million, as per a statement.

The Egyptian government will include 61 additional state-owned companies to its initial public offering (IPO) program's list, with stakes set to be offered on the Egyptian Exchange (EGX), to strategic investors, or a mix of both.

ACGC is an Egypt-based company active in the textiles and clothing industry sector. The company is engaged in cotton ginning, as well as trading of its products domestically and internationally.

Toma for Commercial and Industrial Investments and Maged Samir Toma Thomas have wrapped a deal to acquire 544.536 million shares in Dice Sport and Casual Wear.

responsAbility Participations AG has sold its entire 4.74% stake in Fawry for Banking Technology and Electronic Payment (FWRY) for EGP 903.887 million.

The United Tobacco Company (UTC), a subsidiary of the US' Philip Morris International, is negotiating with the Egyptian government to buy a minority stake in Eastern Company (EAST).

Orascom Construction Plc (ORAS) has sold its full stake of 28.25% in its construction chemicals subsidiary to the Swiss chemicals firm Sika for EGP 1.8 billion.

Prior to the transaction, Telecom Egypt was 80%-owned by the government, while the remaining 20% of the company's shares are being traded on the Egyptian Exchange (EGX).

Arabia Investments Holding’s (AIH) board of directors has decided to appoint a financial advisor to conduct a fair value (FV) study on two subsidiaries that Jaf Investment showed interest in acquiring them

This move aims at boosting the efficiency of these hotels to pave the way for offering them on the stock market.

Zahraa Maadi is an Egypt-based public shareholding company engaged in real estate development, construction, contracting, urbanization, housing, and tourism, as well as other investment activities.

Egypt aims to promote the participation of the private sector to accelerate the pace of economic growth by offering state-run companies on the Egyptian Exchange (EGX), as well as through direct partnerships in projects and holding companies with major investors.

El-Sisi’s remarks came during an inauguration ceremony of the expansions of an industrial city SILO foods affiliated to the National Service Projects Organization (NSPO) on February 9th.

Incolease is an Egypt-based company engaged in the provision of customer service and personalized financial solutions.