Wednesday, October 4, 2023
Market-Reporter
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
Market-Reporter
No Result
View All Result
Home IPOs

Egyptian regulator tells Banque du Caire, others to IPO this year

MtR by MtR
June 10, 2021
in IPOs
0


CAIRO (Reuters) – Egypt’s Financial Regulatory Authority has given Banque du Caire and three other listed companies until the end of the year to sell shares on the stock exchange, two exchange sources told Reuters.

In Egypt, companies are allowed to list on the exchange before actually offering shares to be traded.

The authority said in a statement that companies that had not yet completed offerings would have to do so by Dec. 31. It did not name the companies.

The stock exchange sources told Reuters the companies were Banque du Caire, Egypt’s third-largest state-owned bank, as well as Sky Light for Touristic Development, New Castle for Investment Sports, and City Trade Securities and Brokerage.

Reuters could not immediately reach the companies for comment.

It wasn’t immediately clear if this was a new deadline or an extension of a previous deadline.

The companies are required to submit by Sept. 30 a timeline approved by the stock exchange’s board for how they will implement the offerings, the authority said.

An initial public offering (IPO) for Banque du Caire, which listed on the exchange in February 2017, would represent the biggest sale of Egyptian state assets since 2006.

The bank’s chairman told Reuters in 2020 it was aiming to sell a minority stake worth about $500 million, but the plan was delayed by the pandemic.

The company was one of several state companies earmarked several years ago for share sales, but which have faced repeated delays.

Reporting by Ehab Farouk Writing by Nafisa Eltahir Editing by Mark Potter



Source link

Related articles

Three cos file draft papers with Sebi to raise funds via IPOs

Three cos file draft papers with Sebi to raise funds via IPOs

October 4, 2023
Plaza Wires IPO Subscription: Day 3 Live Updates

Plaza Wires IPO Subscription: Day 3 Live Updates

October 4, 2023

Related Posts

Three cos file draft papers with Sebi to raise funds via IPOs

Three cos file draft papers with Sebi to raise funds via IPOs

by MtR
October 4, 2023
0

Three companies -- Indo Farm Equipment Ltd, Vibhor Steel Tubes Ltd, and Saraswati Saree Depot Ltd -- have filed...

Plaza Wires IPO Subscription: Day 3 Live Updates

Plaza Wires IPO Subscription: Day 3 Live Updates

by MtR
October 4, 2023
0

Plaza Wires Ltd. launched its initial public offering on Sept. 29, and the issue will close on Oct. 4. The...

City’s sluggish quarter no surprise, but IPO green shoots emerge

City’s sluggish quarter no surprise, but IPO green shoots emerge

by MtR
October 4, 2023
0

The crippling drought plaguing London’s stock market has seen just five new listings in the third quarter, but advisers see market...

Technology Industry Trends: M&A, IPOs, and Cost Savings Opportunities

Technology Industry Trends: M&A, IPOs, and Cost Savings Opportunities

by MtR
October 3, 2023
0

AI Transformation: Operationalize AI with Value Generation, Org Readiness and Responsible Implementation   Artificial intelligence (AI) refers to the simulation...

Novo Nordisk owner readies for big Wegovy windfall

Novo Nordisk owner readies for big Wegovy windfall

by MtR
October 3, 2023
0

Novo Holdings A/S CEO Kasim Kutay speaks at Novo Nordisk Foundation in Hellerup, Denmark, October 3, 2023. REUTERS/Ali Withers Acquire...

Load More
  • Trending
  • Comments
  • Latest
Bank of England tells ministers to intervene on digital currency ‘programming’

Bank of England tells ministers to intervene on digital currency ‘programming’

June 21, 2021
Tips for checking smoke alarms during daylight saving time

Tips for checking smoke alarms during daylight saving time

March 12, 2022
GLOBAL MARKETS-U.S. stocks follow Europe up; Treasury yields rise, dollar firm

GLOBAL MARKETS-U.S. stocks follow Europe up; Treasury yields rise, dollar firm

July 9, 2021
What will Durham County education bonds pay for? A full list

What will Durham County education bonds pay for? A full list

July 8, 2022
African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

0
Maxum Foods releases Global Dairy Commodity Update for June

Maxum Foods releases Global Dairy Commodity Update for June

0
Letter: Perpetual bonds can help states fight hunger

Letter: Perpetual bonds can help states fight hunger

0
United Kingdom ETFs Are Riding the Re-Opening Momentum

United Kingdom ETFs Are Riding the Re-Opening Momentum

0
UK’s long-term gilt yields highest in 25 years amid bond market rout

UK’s long-term gilt yields highest in 25 years amid bond market rout

October 4, 2023
Three European Banks Committed to Gender Diversity

Three European Banks Committed to Gender Diversity

October 4, 2023
Three cos file draft papers with Sebi to raise funds via IPOs

Three cos file draft papers with Sebi to raise funds via IPOs

October 4, 2023
Investing in Renaissance: Manufacturing-Themed Funds as a Gateway

Investing in Renaissance: Manufacturing-Themed Funds as a Gateway

October 4, 2023

Recent News

UK’s long-term gilt yields highest in 25 years amid bond market rout

UK’s long-term gilt yields highest in 25 years amid bond market rout

October 4, 2023
Three European Banks Committed to Gender Diversity

Three European Banks Committed to Gender Diversity

October 4, 2023
Three cos file draft papers with Sebi to raise funds via IPOs

Three cos file draft papers with Sebi to raise funds via IPOs

October 4, 2023

Categories

  • Asia
  • Bonds
  • Canada
  • Commodities
  • Cryptocurrencies
  • Currencies
  • Emerging Markets
  • ETFs
  • Europe & Middle East
  • IPOs
  • Latin America
  • Mutual Funds
  • Personal Finance
  • Real Estate
  • Retirement
  • Spending & Saving
  • Stocks
  • U.S. Markets
  • Privacy & Policy
  • About Us
  • Contact Us
  • Advertise with us

© 2021 Copyright Market-Reporter

No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate

© 2021 Copyright Market-Reporter