EFG Hermes leads Misr Life IPO as EGX 30 slips 0.65%
The EGX 30 closed at 51,973.5 on May 4, down 0.6484%. EFG Hermes was appointed sole global coordinator and bookrunner for Misr Life Insurance's IPO on the EGX, according to ZAWYA, with the May 3 and May 4 headlines referring to the same mandate. Separately, EFG Hermes is targeting a $300 million investment in MindSpire, according to أرقام, keeping the group at the center of 2 announced transactions. EGX disclosures dated May 3 also included at least 10 issuer and securitization notices, including 3 bond coupon dividend announcements.
Related stories
Cairo Stock Exchange — Amer Group Jumps 11.5% Even as EGX 30 Slips 0.65%
Amer Group Holding rose 11.5% to 2.33 EGP on May 4, 2026, defying a 0.65% drop in the EGX 30. The move points to selective buying in lighter real estate names as Brent at $113.98 and USD/EGP at 53.48 keep Egypt’s market backdrop complex.
Orascom Construction PLC (ORAS.CA) - Disclosure Form Concerning the BoD & the Shareholders' Structure
Release from Novida for Investment and Technology (AMPI.CA) Regarding a Disclosure Form (SMEs Market)