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SEBI board denies nod to new delisting rules, seeks more data

Sebi chairperson Madhabi Puri Buch said the Sebi board suggested on Saturday that the regulator analyse more data pertaining to delisting norms before coming up with proposals ....

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Sebi: Sebi board likely to discuss regulation of realty platforms, 'delisting' changes

The intention to bring in rules for investment platforms offering fractional ownership of real estate assets comes in the wake of growing demand for such products in recent times. ....

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Investegate |EFG-Hermes Holdings Announcements | EFG-Hermes Holdings: Result of Meeting


Cairo, April 14
th, 2021
:
 
EFG Hermes S.A.E. Board of Directors convened on Tuesday 13/04/2021 at 12:00 p.m. (CLT) and

 
 
First:
Approval of the transaction to acquire 76% of the shares of the Arab Investment Bank, in a consortium with The Sovereign Fund of Egypt (TSFE), through a capital increase of the Bank s issued and paid capital to EGP 5 Billion, so that the shareholding percentage of  EFG Hermes Holding becomes 51% and the shareholding percentage of TSFE, through a wholly owned sub-fund, 25%, while the National Investment Bank will maintain 24% after implementation of the capital increase
.
 
The Board of Directors also approved the Fair Value Report of the capital increase shares to be issued by the Bank, in application of Article 44 of the Listing and Delisting Rules of the Egyptian Exchange.  Such report has been prepared by the ind ....

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