Latest in Highlight
Company to hold an extraordinary general assembly to change its name to Mubasher for managing financial investments and increase its capital to EGP 5m
Government demands that it benefit from the exceptions made by the EGX in 2014 regarding launching companies established through IPO, especially in the infrastructure and agricultural sectors
The insurance industry plays a vital role in providing financial protection to both individuals and investment projects, says Investment Minister
Hazem Barakat, chairperson of BPE Partners for Financial Investment—formerly Beltone Capital—said that his company is looking forward to obtaining the Egyptian Financial Supervisory Authority’s (EFSA) approval for the fair value report of the company’s shares within the next two weeks.
EFSA has defended its decision by arguing that it is a guarantee for stocks to not suddenly be suspended
EFSA stated that the number of registered leasing companies is now 222 compared to 219 during the first half of last year, 27 of which are active compared to 23 last year
Recent amendments aim to keep up with the economic conditions and not restrict investors, says EFSA chairperson
Cancellation of operations caused serious damage to the reputation of the company, with a negative impact on shareholders
The company is to receive a new license within two months, after hiring a financial consulting director
The violations of the main shareholder will not hinder Beltone’s acquisition of Reefy and Arab Finance, says Sherif Samy
Ministry set 19 June to open sealed envelopes for financial and technical qualifications
The regulations will be discussed with the community in the coming days, says EFSA chairperson
EFSA is only concerned about the violations that require reconciliation or resorting to courts, says Samy
The release stated that the chairperson of the Egyptian Exchange (EGX) had issued multiple and consecutive decisions to repeatedly cancel the executed transactions on Beltone shares during the months of February, March, April, and May
Head of the EFSA Sherif Samy said that the authority is reviewing the documentation provided by OTMT on the transfer of ownership of a controlling stake to another shareholder, which obligates Sawiris to make a compulsory tender offer to buy the rest of the shares.
Global Lease secured 12.75% of the lease financing market share in the first quarter of 2016, says CEO Samir
Orascom has not yet reached the reconciliation phase
30% growth in mortgage is still not enough, says EFSA chairperson
The EFSA’s decision to retroactively change the legal status governing the general holding companies’ reacquisition of shares from workers unions came last week. The EFSA made an exception to the Capital Market Law which stipulates a compulsory tender must be made for all the shares of a company once 33% of ownership has been transferred.
Financial services companies with experience in financing small businesses can link banks to clients, says EFSA chairman
The examination of the current deal is more accurate than that of Beltone’s deal, led to discovering previous violation, says EFSA chairperson
The executive regulations include technical measures, such as organising the electronic registry of the guarantees and risk management, says EFSA chairman
EFSA to reconsider procedures governing GDR profits, repatriation, double-entry stocks
EFSA received the new administrative headquarters in Smart Village in 2015 with an investment cost of EGP 300m after it took approximately five years to be built.
The training programme aims to help companies manage risks and to ensure credit stays apace of activities
The authority aims to draft the executive regulations of the law by May, to enable small enterprises to acquire the needed funds to maintain activity
Cairo Financial Holding involved in negotiations over managing three funds at over EGP 100m each
EFSA’s work comes in line with the procedures for an IPO on the Egyptian Exchange (EGX).
The deterioration of stock prices was a trend for all emerging markets and Egypt was no exception, Omran highlighted
Land lease contracts dominate boon in financial leasing accounting for EGP 7bn