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IPOs and EGX Listings

Egyptian stock market launches inaugural Sharia-compliant index

The newly-launched EGX33 index, consisting of 33 selected companies from various sectors listed on the EGX, adheres to a methodology approved by the Shariah Supervisory Committee

Winning bid for Wataniya stake to be announced soon, 7 investors in the running | MPEDMin

El Said, speaking at the Joint annual meeting of the Arab financial institutions in Cairo, mentioned that the government is presently engaged in evaluating offers and intends to make a selection soon

ACT Financial to go public on EGX in Q2

Act Financial intends to use 100% of the IPO proceeds to increase the company’s capital without any exit from existing shareholders

Raya Holding to launch IPO for its IT arm in H1 2024

Raya Holding intends to make available a portion of the shares of Raya Information Technology, ranging from 30% to 35%, to potential investors

Raya Holding acquires 27.69% stake in Ostool Transport

After the successful closure of this acquisition, Raya Holding will own 90% of Ostool’s capital according to its Egyptian Exchange (EGX) disclosure