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Tag: Egyptian Stock Exchange

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 […]

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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 […]

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tarek el molla

El Molla: Natural gas market regulatory authority to be established before end of 2017

Posted: November 15, 2016 at 12:32 pm   /   Oil & Gas

Petroleum companies being offered on EGX will be announced this November. The Ministry of Petroleum and Mineral Resources is aiming to complete the law to establish a regulatory authority for the natural gas market, said minister Tarek El Molla. The law has been presented to the State Council and is expected to be completed before […]

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Egypt to begin IPO program with Oil Companies

Posted: September 21, 2016 at 12:58 pm   /   Oil & Gas

• Authorities aim to raise $10 billion within 3 to 5 years. • Egypt has also reached an initial $12 billion IMF loan deal. Egypt is set to launch its initial public offerings in government-owned companies with oil sector businesses, aiming to collect up to $10 billion dollars within three to five years, the minister […]

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Egypt evaluates 8 state-owned oil companies for IPO or share-issuance

Posted: August 3, 2016 at 12:40 pm   /   Oil & Gas

Egypt’s Ministry of Investment will assess eight state-owned petroleum companies for their suitability for a possible listing on the Egyptian Stock Exchange or share issuances, Petroleum Minister Tarek El Molla told Reuters on Tuesday. The Egyptian presidency announced in January that Egypt would soon offer shares of “successful” state-owned companies and banks on the local […]

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