EGX shows mixed performance Tuesday, market cap. gains LE2.48B
The benchmark EGX30 decreased 0.27 percent, or 43.67 points, to end at 15,906.42 points.
Source: egypttoday.com
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PIF participates in private offering of Egypt's cosmeceutical Macro Capital
RIYADH: Saudi Arabia’s Public Investment Fund has participated in the private placement of Egypt’s Macro Capital, which was 1.8 times covered, the company’s chairman told Asharq. The Cairo-based medical cosmetics manufacturer currently holds 23 percent of the Egyptian pharmaceutical sector, Ahmed El Nayeb said. In its private offering, Macro Group raised 251 million shares on
Source: arabnews.com
EFG Hermes sees interest from Saudi, UAE sovereign funds in Egyptian market
RIYADH: Egyptian investment bank EFG Hermes said it expects more investments by the Saudi and UAE’s sovereign wealth funds in the Egyptian market. “The UAE sovereign fund is constantly looking at opportunities in the Egyptian market,” co-chair of promotion and IPO coverage sector at EFG Hermes earlier told Daily News Egypt. “There are direct cash flows from Gulf and foreign
Source: arabnews.com
UK arm of run-off specialist Marco Capital takes on 'The Gibbon Pool'
The deal with Allianz transfers the remaining risks in Allianz Suisse’s UK Branch.
Source: intelligentinsurer.com