Egypt’s Ministry of Public Business Sector requested an investment bank to act as an adviser for the initial public offering (IPO) of Ghazl el Mahalla Company, Masrawy reported on November 30th.

The Financial Regulatory Authority (FRA) announced that non-Egyptian companies can list their shares on the Egyptian Exchange (EGX) with a minimum paid-up and issued capital similar to the required amount for Egyptian firms, according to an official statement.

Sarwa Capital Holding for Financial Investments closed its inaugural sukuk issuance of EGP 2.5 billion by its subsidiary Sarwa Sukuk Company, according to a disclosure to the Egyptian Exchange.

A consortium between leading engineering contractor Orascom Construction PLC and Japanese Mitsubishi Corporation has signed a contract worth around $800 million to execute construction work at the first phase of line four of the Cairo Metro.