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Egyptian Exchange

Egypt’s first ever SPAC could happen in February | FRA Head

“At the end of this month or early next month, we will have the first blank check company [SPAC],” announced Financial Regulatory Authority (FRA) head Mohamed Omran

Egypt’s capital market indicators saw significant growth in 2021 | FRA Head

On the sideline of the annual FRA conference, Omran explained that the value of securities issuances (stocks, bonds and sukuk) rose to EGP 280.3 billion during 2021

FRA registers 3 companies ahead of their EGX IPOs | FRA Chairman

The 3 mentioned companies are Macro Group Pharmaceuticals, Nahr El khair for Development, Investment, and Environmental Service, and Industrial and Engineering Projects Co.

SPACs incoming| FRA releases regulations for special purpose acquisition companies

Capital requirements, shareholder structure and SPAC founders’ regulatory responsibilities were announced, as well as changes to the rules for listing and delisting of securities on the Egyptian Exchange (EGX)

Al Ahly’s board of directors are looking into possible IPO for AAFC

The shares will be sold in the newly-formed Al Ahly Football Company (AAFC), which according to board member Mohamed El Damaty