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IEEC unveils 2 acquisition agreements

The board of Industrial and Engineering Enterprises Company (IEEC) approved acquiring Enterprise Sigma Technology’s shares for an amount of EGP 300 million

Updated 12/21/2025 10:24:00 AM
El-Khatib opens EGX trading session as Egytrans completes NOSCO acquisition

Minister of Investment and Foreign Foreign Trade Hassan El-Khatib took part in the bell-ringing ceremony to open Tuesday’s trading session at the Egyptian Exchange (EGX), marking the completion of the Egyptian Transport and Commercial Services Company's (Egytrans) acquisition of the National Transport and Overseas Services Co. (NOSCO).

Updated 12/4/2025 12:20:00 PM
Faisal Islamic Bank gets CBE nod to buy 11.2% stake in Smart Cards Applications

Faisal Islamic Bank of Egypt has obtained the Central Bank of Egypt's (CBE) approval to fully purchase the stake held by the Technology Development Fund in Smart Cards Applications Co.

Updated 11/25/2025 9:34:00 AM
Edita expands production capacity with EGP 320M acquisition deal

Edita Food Industries has signed an asset purchase agreement with a regional company operating in the food sector to acquire production machinery for EGP 320 million.

Updated 10/21/2025 3:47:00 AM
Capgemini concludes acquisition of WNS

Capgemini has completed the acquisition of WNS, a digital-led business transformation and services company and leader in the digital business process (BPS) services market.

Updated 10/20/2025 2:07:00 PM
FRA refuses Sagasse Investment’s acquisition offer for Elsewedy Electric

The Financial Regulatory Authority (FRA) has rejected an offer submitted by UAE-based Sagasse Investment to fully acquire Elsewedy Electric Company

Updated 10/20/2025 1:14:00 AM
Saudi Arabia’s Sumou Holding in talks to acquire Egypt’s Midar for $3.5B

Saudi real estate investor Sumou Holding is in preliminary talks to acquire Egyptian developer Midar Investment and Urban Development, Al Arabiya Business reported, citing unnamed sources familiar with the matter.

Updated 10/13/2025 7:49:00 AM
Credit Agricole Egypt's subsidiary acquires Just Finance

Egyptian Housing Finance Company, a 99.99% owned subsidiary of Credit Agricole Egypt, has acquired 100% of shares in Just Finance S.A.E.

Updated 9/23/2025 9:55:00 AM
Elsewedy Electric acquires 60% of Thomassen Service to expand gas turbine operations

Elsewedy Electric has acquired a 60% stake in Thomassen Service, extending its capabilities into gas turbine operation, maintenance, and component repair across key markets.

Updated 5/5/2025 10:21:00 AM
Beltone Holding acquires SODIC Securitization for EGP 8.58M

Beltone Holding has acquired SODIC Securitization Company in a transaction valued at EGP 8.587 million.

Updated 2/18/2025 10:09:00 AM
CIRA Education to submit MTO for majority stake in Cairo for Educational Services

Cairo for Investment and Real Estate Development (CIRA Education) plans to submit a mandatory tender offer (MTO) to acquire up to 90% of the issued share capital of Cairo for Educational Services.

Updated 2/16/2025 1:35:00 AM
Emirati Nas Investments offers to acquire 90% stake in EGYFERT

UAE-based Nas Investment Holding has submitted a mandatory purchase offer to acquire up to 90% of Samad Misr (EGYFERT).

Updated 1/20/2025 9:51:00 AM
Social Impact Capital acquires 37.5% additional stake in CIRA Education

Social Impact Capital Ltd. (SIC) announces its acquisition of an additional 37.5% stake in Cairo for Investment and Real Estate Development (CIRA Education) through a mandatory takeover offer.

Updated 1/20/2025 8:32:00 AM
Edita enters Iraqi market with $8M acquisition deal of 49% stake in Tuama Jebur Abbas

Edita Food Industries has entered the Iraqi market by acquiring a 49% stake in Baghdad-based snack producer Tuama Jebur Abbas (TJA) through a capital increase worth $8 million.

Updated 1/19/2025 8:31:00 AM
Raseedi acquires Kashat, Pharos Microfinance to offer instant loans to underbanked

Raseedi, a fintech company focused on serving Egypt's underbanked population, has acquired Kashat and its subsidiary Pharos Microfinance in an equity deal.

Updated 1/14/2025 8:42:00 AM
Nas Investment Holding plans to acquire majority stake in EGYFERT

UAE-based Nas Investment Holding intends to submit a mandatory tender offer to acquire an additional 57.5% stake in Samad Misr (EGYFERT).

Updated 1/13/2025 8:40:00 AM
FRA extends deadline for Arla Foods’ Domty purchase offer

The Financial Regulatory Authority (FRA) has approved Denmark-based Arla Foods’ request to extend the deadline for submitting a purchase offer for Domty by 60 working days, starting from January 9th.

Updated 1/13/2025 8:25:00 AM
Mashareq acquires 10.02% equity ownership in Electro Cable Egypt

Mashareq Real Estate Developments acquired a 10.02% stake in Electro Cable Egypt Company’s shares in a transfer of ownership deal

Updated 12/29/2024 11:55:00 AM
CI Capital advises on Raya Holding’s $15M subsidiary stake sale to Africa50

CI Capital has concluded its advisory on Raya Holding’s $15 million stake sale in its subsidiary, Raya Data Centers, to Africa50.

Updated 12/12/2024 8:29:00 AM
Ezdehar Management fully acquires Zahran Market

Ezdehar Management, an Egypt-based private equity firm, has completed the acquisition of Zahran family's remaining 40% stake in Zahran Market.

Updated 11/18/2024 8:08:00 AM