Tags : Mohamed Galal

Capital Markets Egypt Industrial

TCI Sanmar completes Egypt’s first Bonds Issuance via Debt Conversion

TCI Sanmar Chemicals (“TCI Sanmar”) has successfully completed the private placement of the company’s Non-Convertible Debentures (“NCDs”) to nine foreign banks through the conversion of 15% of the total debt of TCI Sanmar into a number of 2,353,967 NCDs amounting to USD 117,698,350.  Arab African International Bank (“AAIB”) was also involved in the transaction as […]

Deal & transactions Egypt Food & Beverage

Expedition Investments consortium completes acquisition into Domty

Expedition Investment consortium (the “Consortium”) has successfully completed the Mandatory Tender Offer (“MTO”) of a minority stake (32.9%) in of Arabian Food Industries Co. (“Domty”). The Consortium acquired 97% of the offered shares (96.2 million shares) at a revised price of EGP 5.50 per share. The offer worth was about EGP512 million (USD26.5 million). Matouk […]

Banking & Finance Capital Markets Egypt

MBH: Chimpe 1 Investment acquires stake in Beltone Financial 

Chimpe 1 Investment, an entity affiliated with Chimera Investment, has acquired a majority stake (56%) in Beltone Financial Holding at EGP 384.8 million (approx. $20.11 million).   The acquisition came as part of Chimera Investment’s plans to grow its presence and expand its footprint in the MENA region   Beltone Financial Holding SAE is an Egypt-based company, which operates […]