Latest news with #EGP10
Zawya
21-04-2025
- Business
- Zawya
Egypt's Aman Holdings to issue $98mln securitization bonds
Egypt's Aman Holdings is planning to issue securitization bonds worth EGP5 billion ($98 million) during 2025, a company executive has said. The company, which is controlled by the Cairo bourse-listed Raya Group, has also reached the final stage of completing the issuance of sukuk (Islamic bonds) worth EGP3 billion ($59 million). The planned issuance coincides with an expected boom in securitization bonds by companies in Egypt following a 36.2% decline in 2024 after Egypt's decision to raise rates by 8%. 'There will probably be three issuances with a value of EGP5 billion this year… we are currently working on one issue worth EGP1 billion ($19.6 million),' Ali El-Moraly, Aman's chief financial officer, told Zawya. El-Moraly did not mention dates for the new issue, but he noted that Aman has issued securitization bonds with a total value of EGP10 billion ($196 million) since it was founded in 2020. Aman, with a capital of EGP2 billion ($39 million), is 76% owned by Raya Group while 24% is held by the government-controlled National Bank of Egypt. The company has several affiliated firms including Aman for Project Finance, Aman for Consumer Finance, Aman for E-Payment and Aman for Securitization. Hossam Hussein, Chief Financial Officer for financial investments at Raya Holding, said Aman has reached the final stage of completing the issuance of EGP3 billion sukuk, adding that this plan was announced last year. 'The financial auditing section has approved the sukuk plan…only details of the issuance is left,' Hussein said. He revealed that it has been fully covered by several companies, but did not provide further details.
See - Sada Elbalad
02-04-2025
- Entertainment
- See - Sada Elbalad
"Siko Siko" Tops Box Office and Nears EGP15 Million
Yara Sameh Egyptian stars Taha Desouky and Essam Omar's comedy film "Siko Siko" dominated the cinema box office on Tuesday, the second day of the Eid al-Fitr holiday, grossing EGP13,539,493 from approximately 109,137 tickets sold. The pic premiered on Sunday and allocated EGP10,500,000 in its first 48 hours, making it the number one film in the Eid al-Adha movie marathon. 'Siko Siko' is a social comedy that revolves around "Two cousins, both from a middle-class background, finally see their dream come true when their inheritance is rightfully returned to them following their uncle's death. Soon after, and to their shock, they discover that the inheritance is in the form of illegal goods. In order to liquidate these goods, they create an elaborate mobile game in order to sell the goods through it. They call this game… 'Siko Siko'. The cousins enjoy a brief moment of spectacular success before a mob boss appears in their lives, and claims to be the real owner of the goods!". The cast also stars Tara Emad, Bassem Samra, Ali Sobhy, Khaled El Sawy, Diana Hisham, Ahmed Abdel Hamid, and more. Omar El Mohandes directs the film from a script by Mohamed El Dabbah. The feature marks Desouky and Omar's first major role in a film. It is co-produced by United Film Production, Film Square, and producer Ahmed Badawy. read more New Tourism Route To Launch in Old Cairo Ahmed El Sakka-Led Play 'Sayidati Al Jamila' to Be Staged in KSA on Dec. 6 Mandy Moore Joins Season 2 of "Dr. Death" Anthology Series Don't Miss These Movies at 44th Cairo Int'l Film Festival Today Amr Diab to Headline KSA's MDLBEAST Soundstorm 2022 Festival Arts & Culture Mai Omar Stuns in Latest Instagram Photos Arts & Culture "The Flash" to End with Season 9 Arts & Culture Ministry of Culture Organizes four day Children's Film Festival Arts & Culture Canadian PM wishes Muslims Eid-al-Adha News Egypt confirms denial of airspace access to US B-52 bombers News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia News Australia Fines Telegram $600,000 Over Terrorism, Child Abuse Content Lifestyle Pistachio and Raspberry Cheesecake Domes Recipe Arts & Culture Nicole Kidman and Keith Urban's $4.7M LA Home Burglarized Videos & Features Bouchra Dahlab Crowned Miss Arab World 2025 .. Reem Ganzoury Wins Miss Arab Africa Title (VIDEO) News Israeli PM Diagnosed with Stage 3 Prostate Cancer Lifestyle Maguy Farah Reveals 2025 Expectations for Pisces News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Sports Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers
