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Egypt IPO Program

EBRD is in talks to acquire stakes in 2 Egyptian banks

The Sovereign Fund of Egypt (TFSE) to discuss the possibility of purchasing a minority stake in the United Bank and the Banque du Caire

GIH to inject $150M in Eastern Company in 2024

On Saturday, GIH announced that it bought 669 million shares in state-owned Chemical Industries Holding Company (CIHC)’s subsidiary Eastern Company

CIHC completes stake sale of Eastern Company in an EGP 16.4 billion deal

CIHC sold approximately 669 million shares to Global Investment Holding

CBE and Kuwait Investment Authority to possibly sell 40% of combined stake of AAIB

The source stated that both the CBE and KIA will divest 20% each from AAIB to a strategic investor and a stake sale on the Egyptian stock exchange

Finance Ministry & AWIU sign protocol to strengthen Arab and African investment

Within the agreement, Egypt will encourage investors to establish joint projects in sectors of national priority.