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Emaar Misr said it would use the net proceeds raised from the offering, together with its existing cash resources, principally to further the development of the commercial areas of its projects under development, including primarily Emaar Square in Project Uptown Cairo, the planned international marina and hotels in Project Marassi and Downtown area in Project Mivida.
In January, Ajnad Misr had aired a video interview of Attiyah, showing his face blurred and explaining the group's vision and strategies.
Under the deal, Kellogg company paid EGP 89.86 per share for 85.93% of total outstanding Bisco Misr shares.
The tussle over Bisco Misr is part of a flurry of mergers and rights issues boosting activity on the Cairo bourse, which has struggled to revive investor confidence in the turmoil that has followed the 2011 Arab Spring uprisings.
The new deal will allow Etisalat Misr to introduce new
Client Name : Cairo Medical Treatment Est., Mabarret Misr El Adima Hospital, The Cashier
23 May 2011 - Egyptian government-run Banque Misr is holding discussions with Saudi prospective buyers of its 2% stake in Samba Financial Group, the second-largest bank in Saudi Arabia by market value, Arabic daily Asharq al-Awsat said yesterday.
According to Mohamed Abdel Rahim Ismaiel, head of enterprise information management at Etisalat Misr, the company's success since its debut in 2007 is down to one thing: sophisticated analysis of consumer data, based on a solution from data warehousing pioneer Teradata.
"We are very glad to inaugurate this major step forward with Banque Misr", said Mr.
The Commission interest in MISR derives from its unique combination of multi-angular and multi-spectral capabilities, allowing extensive analysis of land surfaces and the overlaying atmosphere with pole-to-pole coverage.
MISR acquires images of the Earth at nine angles simultaneously, using nine cameras pointed forward, downward and backward along its flight path.
Earlier this week, Reuters reported that Emaar Misr was rejecting claims made by Raafat for 168ha (400 feddans) of the 630ha (1,500 feddans) plot of land on which Marassi is being built.
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