The private offering of Act Financial’s shares has been oversubscribed by 20.20 times, informed sources told Mubasher. The subscription process ended on Thursday after achieving the highest coverage rate on the Egyptian Exchange (EGX) in the last six years. Earlier in July, Hany Hamdy, Managing Director at MubasherTrade Egypt, stated that Act Financial’s offering is considered...Read More

Abu Dhabi Global Market (ADGM) will implement substantial reductions of 50% or more for non-financial and retail licenses starting January 1, 2025, according to a recent announcement. This move supports ADGM’s goal of aiding the transition of Al Reem businesses to its jurisdiction following its 2023 expansion to Al Reem Island. ADGM states that the...Read More