Newsletter subscribe
Tag: EGX
SFE

Egypt’s Sovereign Fund offers Wataniya Petroleum for private investment

Posted: December 15, 2020 at 3:28 pm   /   Oil & Gas

Safi, Wataniya Petroleum are up first in Egypt’s plan to partially privatize military-owned companies: The Sovereign Fund of Egypt (SFE) decided that Wataniya Petroleum and the National Company for Producing and Bottling Water (Safi) as the first two subsidiaries of the National Service Products Organization (NSPO) the fund will move to privatize, Planning Minister and […]

No Comments read more
TAQA Arabia

TAQA Arabia’s IPO in the EGX “not in the near future” – sources

Posted: December 1, 2020 at 12:00 pm   /   Oil & Gas

Qalaa Holdings’ TAQA Arabia won’t be making its EGX debut in the near future due to the potential for market volatility caused by the pandemic, the local press reported yesterday, quoting sources close to the matter. Qalaa had reportedly planned to list 30-40% of its portfolio company in the first half of 2020. The company […]

No Comments read more
Total

B Investments to sell 20% of its stake in Total Egypt’s downstream business

Posted: August 5, 2020 at 2:15 pm   /   Oil & Gas

B Investments is in talks to offload a fifth of its holdings in Total Egypt’s downstream operations: B Investments has entered talks with Total Egypt to sell 20% of its holdings in the company, it announced in a statement to the EGX. The private equity outfit currently holds a 7.97% stake in the energy giant’s […]

No Comments read more

Acumen files lawsuit over inaccurate fair value study of Egypt Gas

Posted: December 18, 2017 at 2:10 pm   /   Oil & Gas

Egypt-based investment bank Acumen Holding has filed a lawsuit on Saturday in a Cairo economic court against the country’s market regulator, stock market, and Osool for Financial Consulting. The lawsuit is seeking to abolish ‘unfair’ assessment study that set Egypt Gas Company’s fair value at 175 Egyptian pounds ($9.79), Acumen said, citing violations of the […]

No Comments read more

Maridive & Oil Services wins $20m contract to provide services at Zohr

Posted: November 16, 2017 at 8:33 am   /   Oil & Gas

Maridive & Oil Services signed a USD 20 million agreement with an unnamed Egyptian company to lease three maritime units to provide maritime and oil services at the Zohr gas field, Al Mal reports. Maridive & Oil Services (MOIL) announced in a statement sent to EGX, maritime support sector has won a new contract with one of […]

No Comments read more
Enppi

Enppi IPO to launch on EGX in Q1 2018

Posted: August 8, 2017 at 2:08 pm   /   Oil & Gas

Enppi will launch an initial public offering (IPO) on the Egyptian Exchange (EGX) during the first quarter of 2018, Egypt’s Minister of Investment and International Cooperation Sahar Nasr said. Nasr agreed with the new EGX’s board on establishing new programmes to innovate new mechanisms for the EGX to speed up the implementation process of the […]

No Comments read more