Latest news with #EGX
Zawya
8 hours ago
- Business
- Zawya
Egypt: Nasr for Civil Works obtains EGM's nod for capital raise
Arab Finance: Nasr Company for Civil Works' extraordinary general meeting (EGM) agreed to increase the issued and paid-up capital to EGP 210 million from EGP 161.384 million, according to a bourse filing. The EGX-listed firm will raise its capital by EGP 48.615 million, distributed over 48.615 million shares, with a nominal value of EGP 1 per share. Nasr for Civil Works will distribute 3-for-10 bonus shares, financed from the company's profits registered in 2024. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
8 hours ago
- Business
- Zawya
Egypt: U Consumer Finance's shares to start trading on EGX as of June 23rd
Arab Finance: Trading on the shares of U Consume Finance (valU) on the Egyptian Exchange (EGX) will start as of Monday, June 23 rd, 2025, according to a bourse disclosure. The opening price will be based on the execution price of the share distribution transaction stipulated in the disclosure report for trading purposes, valued at EGP 0.777. The shares will be added to the list of securities permitted for trading with a price increment of EGP 0.001. Meanwhile, the price limits on valU's shares during the first trading session shall be within the range of the nominal value of EGP 0.10 as minimum and the fair value of EGP 7.40 at maximum, as stipulated in the disclosure report. The buy-now, pay-later (BNPL) platform temporarily listed its shares on EGX last May after obtaining EFG Holding's approval for the transaction. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
11 hours ago
- Business
- Zawya
Egyptians for Investment approves capital increase
Cairo - The Egyptians for Investment and Urban Development Company's board agreed, on 18 June, to increase the issued and paid-up capital to EGP 165 million from EGP 150 million. The EGX-listed firm will distribute 15 million bonus shares to 150 million shareholders, reflecting a ratio of one bonus share for every ten shares held, according to a bourse statement. The transaction will be funded from retained earnings of EGP 17.53 million, with EGP 749,865 allocated as a 5% legal reserve, leaving EGP 16.78 million available for distribution. All Rights Reserved - Mubasher Info © 2005 - 2022 Provided by SyndiGate Media Inc. (
Zawya
a day ago
- Business
- Zawya
CI Capital's subsidiary launches Egypt's 1st sustainable equity fund Misr Green
Arab Finance: CI Capital Asset Management, a subsidiary of CI Capital Holding, has launched Egypt's first open-ended sustainable equity fund, Misr Green – Sustainability (ESG) Fund, as per an emailed press release. The fund, which will be the first sustainable fund offered on Egyptian banking platforms, opens for subscription on Wednesday, June 18 th, through CI Capital Securities Brokerage as the receiving entity. Meanwhile, the purchases and redemptions will be implemented through Banque Misr. It aims to invest in the 30 best-performing listed companies on the Egyptian Exchange (EGX) across a diversified range of sectors, including financial services, industrials, healthcare, consumer goods, and real estate. The fund targets sustainable companies, achieving a return that reflects the index's performance with a correlation coefficient of at least 90%, taking into account tracking error. The Misr Green – Sustainability (ESG) Fund is an open-ended ESG index tracker fund that invests in the 30 best-performing listed companies on the Egyptian Exchange (EGX), selected for their leadership in environmental, social responsibility, and governance (ESG) standards across a diversified range of sectors. Amr Abol Enein, CEO and Managing Director of CI Capital Asset Management, commented: 'The launch of the Misr Green Sustainability (ESG) Fund is a new chapter in our ongoing effort to offer innovative, impact-driven investment products to both institutional and individual investors.' The launch aligns with CI Capital's growth plans to introduce new investment solutions to meet the evolving needs of both institutional and individual investors within the local market and abroad. Misr Green – Sustainability (ESG) Fund is the company's third index-tracking product following its equity fund tracking the EGX30 Capped index, 'Misr Equity', in October 2022, and 'Misr Shariah Equity' that tracks the EGX 33 Shariah index. This also follows the recent launches of its sector equity fund and the USD fixed-income fund. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Zawya
a day ago
- Business
- Zawya
Egypt: EGX ends Wednesday's trading session up
Arab Finance: The Egyptian Exchange (EGX) closed Wednesday's trading session with collective gains, with the EGX30 index going up by 0.37% to 30,838.98 points. The Sharia-compliant index, EGX33 Shariah index, rose by 0.63% to 3,214.17 points. Both the EGX70 index and the EGX100 index closed the session higher by 0.54% at 9,040.23 points and by 0.56% at 12,302.61 points, respectively. EGX's turnover stood at EGP 3.033 billion through the trading of 1.155 billion shares in 105,349 transactions, while the market cap hit EGP 2.183 trillion. Retail investors controlled 70.65% of the total trading, while the institutions equaled the remaining 29.34%. Arab and foreign traders accounted for 4.82% and 4.67% of the trading transactions, respectively. The Egyptian investors took over 90.52%. The Egyptian investors were sellers with EGP 199.243 million. Foreign and Arab traders were buyers with EGP 143.335 million and EGP 55.908 million, respectively. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
