Faisal Islamic Bank of Egypt has obtained the Central Bank of Egypt's (CBE) approval to fully purchase the stake held by the Technology Development Fund in Smart Cards Applications Co.

The Financial Regulatory Authority (FRA) has introduced new amendments to improve market efficiency and safeguard trader rights by setting clearer guidelines for delisting companies, approving stock splits, and regulating asset disposals.

Social Impact Capital Ltd. (SIC) announces its acquisition of an additional 37.5% stake in Cairo for Investment and Real Estate Development (CIRA Education) through a mandatory takeover offer.

Mashareq Real Estate Developments acquired a 10.02% stake in Electro Cable Egypt Company’s shares in a transfer of ownership deal

Electra Investment Holding RSC LTD increased its equity ownership in Elsewedy Electric (SWDY) to 20.37% from 19.98%.

Orascom Financial Holding’s board (OFH) has approved in principle the offer submitted by Klivvr Holding to acquire 59.4 million shares, or 98.99%, in the former’s fintech arm Klivvr.

Agro New Vision Distribution has increased its stake in Misr Beni Suef Cement (MBSC) to 12.03% from 5.94% after purchasing 3.722 million shares for a total of EGP 174.863 million.

EFG Hermes’ investment banking division has concluded an accelerated book build (ABB) on behalf of Helmerich & Payne (H&P).

ASEC Mining Company (ASCOM) announced that its fully owned subsidiary, APM Investment Holdings BVI, received 5.75 million shares from Canadian Allied Gold Corp in September as an installment for selling its stake in Kurmuk project.

The Saudi Arabian Public Investment Fund (PIF) is actively exploring the possibility of acquiring a stake in Egypt Gas Co.

Saudi Seventh Investment Company, owned by the Saudi state-owned Public Investment Fund (PIF), has lowered its stake in Abu Qir Fertilizers and Chemicals Industries Company to 0.54% from 1.5%.

Cairo Housing and Development Company’s board has approved submitting a mandatory tender offer (MTO) for purchasing up to 90% of United Housing and Development (UNIT) via share swap.

Dice Sport and Casual Wear has raised its stake in United Dyers to 99.278% after purchasing a further 16.677% share, as per a filing on August 1st.

The Financial Regulatory Authority (FRA) has approved the offer submitted by MENA Glass Holdings Limited to acquire 40.76%, or 25.528 million shares, in the Middle East Glass Manufacturing Company (MEGM).

Bonyan for Development and Trade, a subsidiary of Compass Capital, is planning to offer a stake on the Egyptian Exchange (EGX) for $120 million before the end of 2024.

Two Arab banks and an Egyptian one are considering acquiring a stake in Act Financial during the subscription period for the latter’s offering on the Egyptian Exchange (EGX).

Raya Holding for Financial Investments is planning to list up to 30% of its subsidiary Raya Information Technology (Raya IT) on the Egyptian Exchange (EGX) in October.

Act Financial has increased its stake in Ezz Steel to 1.305% from 1.235%.

El Attal Holding is considering offering a stake ranging between 30% and 35% on the Egyptian Exchange (EGX) in early 2025.

Link HoldCo BV has lowered its stake in Fawry for Banking Technology and Electronic Payments.