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Acqusitions

FABMISR completes Bank Audi integration, brings assets to est. EGP 187B

Completing the integration will contribute to strengthening the size of the new entity and its local presence across the country, explained FABMISR CEO Fayed

SODIC returns to M&A scene with offer for Orascom Real Estate

SODIC aims to fully acquire the company from parent company Orascom Development Egypt, according to a statement to the Egyptian Exchange (EGX) today

Qatar Investment Authority in “advanced” talks to acquire state-owned stakes Vodafone EG

Bloomberg Asharq previously reported the potential deal back in early September, stating that QIA was negotiating to purchase 25% of Vodafone Egypt

SODIC moves away from MNHD acquisition plan and looks to alternatives

In a separate interview with Al Arabiya, Sherif mentioned that Aldar Properties, which owns the majority stake of SODIC, has a strategy to expand in Egypt that includes new acquisitions

MNHD shareholders veto SODIC’s offer, echoing BoD message of “too low”

In a shareholder meeting during a general assembly yesterday, a majority of shareholders vetoed SODIC’s request to begin due diligence