UAE-based Nas Investment Holding has submitted a mandatory purchase offer to acquire up to 90% of Samad Misr (EGYFERT).

Orascom Financial Holding Company’s board has approved the sale of its majority stake in Klivrr Electronic Development and Electronic Payments for EGP 657.711 million.

CI Capital Holding for Financial Investments (CICH) has sold its stake in Taaleem Management Services (TALM) after a five-year holding period

The Financial Regulatory Authority (FRA) has given the green light for Emirati company Electra Investment Holding to proceed with acquiring a 24.5% stake in of El Sewedy Electric.

Telecom Egypt has denied receiving any official offers to sell stake in Vodafone Egypt.

Egypt will offer stake in Al Amal Company for Plastic Pipes and Fittings within 2024.

The investment management company Act Financial is seeking to raise EGP 700 million from offering a minority stake on the Egyptian Exchange (EGX) in May.

Valu, a subsidiary of EFG Holding, is looking forward to offering from 20% to 25% stake for sale on the Egyptian Exchange (EGX) via an initial public offering (IPO) within 12 months.

El Nasr Clothing and Textiles Company’s (KABO) ordinary general meeting (OGM) has approved in principle selling part of or the firm’s entire stake in Alexandria Spinning and Weaving Company (Spinalex).

The National Bank of Egypt (NBE) and Banque Misr are planning to sell their 26% stake in Alexandria Mineral Oils Company (AMOC).

The Egyptian Petrochemicals Holding Company (ECHEM) has appointed the private equity firm Compass Capital to sell the government’s 26% stake in the Egyptian Polypropylene and Polypropylene (EPP).

The Egyptian government will wrap up the deal of selling Gabal El Zeit wind farms before the end of March.

The Sovereign Fund of Egypt (TSFE) has succeeded in selling stakes worth $2.5 billion in state-owned firms out of the $5 billion targeted sales under the state IPO program for the current fiscal year (FY).

Egypt is set to offer stake in the 6th of October dry port to investors by next January, Director Finance Ministry’s PPP Central Unit Atter Hannoura said.

Established in 1920, the company manufactures tobacco products, such as cigarettes, cigars, pipe tobacco, and molasses tobacco (Moassels), as well as other related products, such as cigarettes’ filter rods and homogenized tobacco.

Abu Dhabi’s sovereign wealth fund ADQ has signed final contracts worth $800 million with The Sovereign Fund of Egypt (TSFE) to acquire stakes in three state-owned oil and petrochemical firms.

Egypt will finalize the deal on the sale of a stake in the fuel retailer Wataniya within four to six weeks.

Administrative Capital for Urban Development (ACUD) is in the early stages of appointing an international financial advisor to offer part of its stake for sale on the Egyptian Exchange (EGX).

Oriental Weavers Carpets’ (ORWE) board of directors has decided to sell the firm’s 0.7% stake in Al Ahli Bank of Kuwait (ABK) - Egypt.

The Egyptian Ministry of Finance is considering selling a further stake in Telecom Egypt as the majority shareholder of the company with a 70% stake.