By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
DailynewsegyptDailynewsegypt
  • Home
  • Business
    BusinessShow More
    State Secretary for Economic Affairs Helene Budliger Artieda
    Opinion| Switzerland, a reliable partner of Egypt in a changing world
    September 26, 2023
    Tatweer Misr breaks sales record in H1 2023
    Tatweer Misr breaks sales record in H1 2023
    September 25, 2023
    Real estate exports boost Egypt’s economy, Cityscape panel reveals
    Real estate exports boost Egypt’s economy, Cityscape panel reveals
    September 25, 2023
    SODIC reports 22% sales growth in 2023
    SODIC reports 22% sales growth in 2023
    September 25, 2023
    Huawei partners with Egypt to transfer modern technologies for digital transformation: Madkour
    Huawei partners with Egypt to transfer modern technologies for digital transformation: Madkour
    September 25, 2023
  • Politics
    PoliticsShow More
    Presidential election in Egypt set for 10-12 December
    Presidential election in Egypt set for 10-12 December
    September 25, 2023
    Defence Minister meets NATO Military Committee chief
    Defence Minister meets NATO Military Committee chief
    September 25, 2023
    Egypt, Jordan, and Iraq discuss economic, political cooperation in New York
    Egypt, Jordan, and Iraq discuss economic, political cooperation in New York
    September 24, 2023
    Al-Sisi highlights opportunities for mutual benefit with China
    Al-Sisi highlights opportunities for mutual benefit with China
    September 24, 2023
    Egypt, India affirm their strategic partnership, discuss regional issues
    Egypt, India affirm their strategic partnership, discuss regional issues
    September 24, 2023
  • Interviews
    InterviewsShow More
    Microsoft Egypt aims to provide advanced AI models, build solid AI ecosystem: Mirna Arif
    Microsoft Egypt aims to provide advanced AI models, build solid AI ecosystem: Mirna Arif
    September 18, 2023
    I love privacy, and I am not concerned about competition: Yasmine Sabry
    I love privacy, and I am not concerned about competition: Yasmine Sabry
    September 14, 2023
    Sustainability, digital transformation at the heart of our strategy: Heidelberg Materials Egypt
    Sustainability, digital transformation at the heart of our strategy: Heidelberg Materials Egypt
    September 12, 2023
    India welcomes Egypt's BRICS membership: Boosting trade, investment, and access to strategic commodities
    India welcomes Egypt’s BRICS membership: Boosting trade, investment, and access to strategic commodities
    September 11, 2023
    The box office is not a measure of success: Basma Hassan
    The box office is not a measure of success: Basma
    September 6, 2023
  • Culture
  • Opinion
  • Sports
  • Lifestyle
Reading: Sigma Capital to raise issued capital to EGP 100m in 2016
Share
Notification
Latest News
State Secretary for Economic Affairs Helene Budliger Artieda
Opinion| Switzerland, a reliable partner of Egypt in a changing world
Opinion Business
Presidential election in Egypt set for 10-12 December
Presidential election in Egypt set for 10-12 December
Politics Egypt
Tatweer Misr breaks sales record in H1 2023
Tatweer Misr breaks sales record in H1 2023
Business
Real estate exports boost Egypt’s economy, Cityscape panel reveals
Real estate exports boost Egypt’s economy, Cityscape panel reveals
Business
SODIC reports 22% sales growth in 2023
SODIC reports 22% sales growth in 2023
Business
Aa
Aa
DailynewsegyptDailynewsegypt
  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle
  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle
Have an existing account? Sign In
Follow US
  • Advertise
© 2023 DNE News. All Rights Reserved.
Dailynewsegypt > Blog > Business > Sigma Capital to raise issued capital to EGP 100m in 2016
Business

Sigma Capital to raise issued capital to EGP 100m in 2016

Menna Samir
Last updated: 2015/12/07 at 6:45 PM
By Menna Samir 3 Min Read
Share
A media roundtable took place in the presence of company representatives at the company’s headquarters in Giza. Photo handout to dne
SHARE

Sigma Capital will launch two initial public offerings (IPOs) by mid 2016, Chairman Ahmed Marwan told Daily News Egypt Monday.

The IPOs are for two companies, one operating in the pharmaceuticals and the other in the construction sector. Marwan however refused to disclose any names. The total amount for the IPOs will be EGP 200m.

Marwan’s statements were made on the sidelines of a media roundtable that took place in the presence of company representatives at the company’s headquarters in Giza.

Sigma will increase its issued capital from EGP 69m to EGP 100m in 2016, and is also set to launch new leasing and microfinancing companies during the same year.

As for the structure of the new companies, they will either be created by acquiring existing companies operating in each of the fields, or acquiring a new license for adding a new activity to the company, or partnering with existing firms.

“We are currently studying those potential options,” company CEO Maha Baligh said.

As for the initial budget to be issued for each company, Marwan indicated that EGP 7.5m will be allocated for each, provided that the amount will not be covered by the capital increase to be made next year.

As for other plans the company has for 2016, Baligh said they aim to establish a number of investment funds in the upcoming period in cooperation with a number of foreign financial institutions.

Sigma is currently researching the launch of an investment fund in partnership with the Asian investment bank, CIMB, which is expected to take place next year. It is set to increase to 12 branches in 2016 up from the current seven.

Last month, Sigma Capital presented a number of investment opportunities in the Egyptian market to a number of Asian and European investors in a conference held by CIMB.

According to Baligh, they received great attention towards direct investment in light of the high return rates, especially from the infrastructure and renewable energy sectors.

Sigma Capital is an Egyptian holding company established in 2000. Its line of services range from securities brokerage, asset management, and investment banking and custody with new lines to be established in private equity and insurance brokerage.

 

You Might Also Like

Opinion| Switzerland, a reliable partner of Egypt in a changing world

Tatweer Misr breaks sales record in H1 2023

Real estate exports boost Egypt’s economy, Cityscape panel reveals

SODIC reports 22% sales growth in 2023

Huawei partners with Egypt to transfer modern technologies for digital transformation: Madkour

TAGGED: Asia, Europe, Infrastructure, investment banking, IPO, microfinance
Share this Article
Facebook Twitter Email Print
Previous Article NATO invitation to Montenegro provokes Russia
Next Article Hanukkah, Christmas and Ramadan, celebrated together
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Ad image
Ad image

Stay Connected

Facebook Like
Twitter Follow
Instagram Follow
Youtube Subscribe

Latest News

State Secretary for Economic Affairs Helene Budliger Artieda
Opinion| Switzerland, a reliable partner of Egypt in a changing world
Opinion Business
Presidential election in Egypt set for 10-12 December
Presidential election in Egypt set for 10-12 December
Politics Egypt
Tatweer Misr breaks sales record in H1 2023
Tatweer Misr breaks sales record in H1 2023
Business
Real estate exports boost Egypt’s economy, Cityscape panel reveals
Real estate exports boost Egypt’s economy, Cityscape panel reveals
Business
//
Egypt’s only independent daily newspaper in English. Discuss the country’s latest with the paper’s reporters, editors, and other readers.

Quick Link

  • Home
  • Business
  • Politics
  • Interviews
  • Culture
  • Opinion
  • Sports
  • Lifestyle

Sign Up for Our Newsletter

Subscribe to our newsletter to get our newest articles instantly!

© 2023 DNE News. All Rights Reserved.

Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?