Minister of Finance said that Egypt could face an extra USD10.2 billion burden the next fiscal year if wheat and oil prices remain at their current elevated levels.

Finance Minister invited South Korean companies to invest in our agriculture, industry, transportation, energy, and water sectors.

Minister of Finance said that the current time is not appropriate for issuing Eurobonds or Sukuk in international markets.

Egyptian government might reach an agreement with the Indian government to trade some fertilizers in exchange for Indian wheat.

Chimera Investments have submitted a non-binding offer to acquire 51-90% of Beltone Financial at an initial price of EGP1.49 per share, valuing the firm at c.EGP 661.8 mn. 

Contact Financial Holding’s consumer financing arm is earmarking EGP2 bn for tuition and medical equipment financing in 2022. 

ISPH plans to invest EGP362.4 million between 2022 and 2023 to establish 4 new warehouses and technological infrastructure. 

SPMD’s appeal for the two lawsuits brought against it by FRA for EGP20 million on August 14.

[Correction] ESRS: Banks' approval for new furnace financing was granted a few months ago and loan is almost fully withdrawn. 

ESRS announced the EGP0.80/share cash dividend distribution will take place on June 15 for shareholders on record as of June 12.