So here the market moves; our Aerial Shot is a continuous coverage of the current market movers from a very high and wide angle combining data to create a comprehensive view of the market movement.
12 January 2023
According to Asharq Bloomberg, the sovereign wealth fund added 5 more companies to the " Pre IPO Fund" and will start the roadshow to sell up to 30% of these companies. The list of companies includes Banque du Caire ( below more data)
11 January 2023
You know That FX rates start floating more significantly, reaching USD/EGP 32 EGP and then back to 29 EGP.
But you don't know that the Chairman of the FRA and EGX met the Prime minister at his office today, a meeting coming after confirmation from the government and the IMF press release that the Egyptian government will go for the National IPO program.
Creating a fundamental revaluation for the listed assets is a matter of time; depending on the actuals below
Keep your Eyes on Banks
Banque du Caire: the EGX announced that the listing committee approved the listing of the issued capital for Banque du Caire from EGP 10 billion to EGP 20 billion and approved the listing of the capital increase shares for the issued and paid from EGP 5.25 billion to EGP 10 billion over 2.375 billion shares with a nominal value of EGP 2/share paid in cash by old shareholders. The shares will be listed on the EGX database starting next Monday, 16/01/2023
Provided that the bank adheres to what was stated on the FRA announced on 11/20/2022 regarding extending the deadline for completing the procedures for listing Banque du Caire shares on the Egyptian Stock Exchange until 03/31/2023.
Comentários