Arab Today, arab today big bids at egyptian exchange to lure investors
Last Updated : GMT 23:05:22
Arab Today, arab today
Arab Today, arab today

Big bids at Egyptian Exchange to lure investors

Arab Today, arab today

Arab Today, arab today Big bids at Egyptian Exchange to lure investors

Egyptian Exchange
Cairo - MENA

After years of lame offers, the Egyptian Exchange (EGX) is finally getting big bids that will sure lure more local, Arab and foreign investments, the CEO of EFG Hermes has said.
The Arabian Cement Company (ACC) made the first big bid mid 2014, Karim Awad told MENA Monday.
EGX officials are acting hard to register new companies, Awad said, noting this should make the bourse more attractive to investors, who will have a variety of options to choose from, rather than just shares of certain firms.
The market has been in bad need of new securities to create more opportunities for investors, Awad said, adding this is one reason why trading has been weak over the past period.
The promotion department at EFG Hermes is currently working on a number of new bids at the EGX, he said, adding an announcement will be made once procedures are finalized.
Already the group is promoting a big bid worth more than 150 million dollars for Orascom Construction Industries, Awad said.
An Edita bid was put up for trading last month, he added.
Awad believes the new bids will be successful, regardless of the market's ability to accommodate them all.
This will have a positive impact on the EGX in general, he noted.
He said his company was able to achieve its strategic plan for 2014 meant to make profits through reducing spending and increasing revenues.
He said the ACC bid was worth about 110 million dollars. The capital of Palm Hills and SODIC also increased, Awad said.
He also touched upon a 1.6-billion-dollar bid by the UAE's EMAAR Malls Group, noting that it was one of the biggest bids on the UAE market and in the history of the UAE as a whole.
EFG Hermes is an investment bank in the Middle East and North Africa region that specializes in securities brokerage, asset management, investment banking, private equity and research.
EFG-Hermes is listed on the Egyptian Exchange (EGX) and London (LSE) stock exchanges.
EFG-Hermes has offices in Egypt, the UAE, Saudi Arabia, Qatar, Oman, Kuwait and Lebanon, with over 850 people from 30 nationalities. They serve clients from the Middle East, North Africa, Europe and the United States.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today big bids at egyptian exchange to lure investors Arab Today, arab today big bids at egyptian exchange to lure investors

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today big bids at egyptian exchange to lure investors Arab Today, arab today big bids at egyptian exchange to lure investors

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today O'Leary: Could ground more planes

GMT 06:49 2017 Friday ,22 September

O'Leary: Could ground more planes
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Huthis stage defiant rally 3 years

GMT 05:29 2017 Friday ,22 September

Huthis stage defiant rally 3 years
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today All eyes on May as she prepares

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes pumps 1 bln euros    

GMT 06:04 2017 Friday ,22 September

Mercedes pumps 1 bln euros    
Arab Today, arab today Intel chips loaded in Waymo

GMT 14:43 2017 Wednesday ,20 September

Intel chips loaded in Waymo
Arab Today, arab today Youssra prepares for launching her  program

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program
Arab Today, arab today France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 09:40 2017 Tuesday ,19 September

Actress Ream Hhagag prepares for a new film

GMT 18:09 2017 Thursday ,21 September

China lifts 10-year travel ban

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 18:03 2017 Thursday ,21 September

Alarm over flesh-eating ulcer cases

GMT 07:00 2017 Wednesday ,20 September

A no-frills business success

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday