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Investment Banking Advisory

NI Capital Signs with The Holding Company for Chemical Industries

By | Investment Banking Advisory

NI Capital signed a contract with The Holding Company for Chemical Industries to act as sell side advisor on the sale of 4.5% of its subsidiary, Eastern Chemical Company’s shares through a secondary public offering on the Egyptian Stock Exchange as part of the GoE IPO Program.

NI Capital will launch the RFP to invite qualified leading investment banks to bid for the role of global coordinators and book runners for the sale of Eastern Company.

NI Capital Signs with The Holding Company For Maritime & Land Transport (HCMLT)

By | Investment Banking Advisory

NI Capital signed a contract with Alexandria Port Authority and The Holding Company For Maritime & Land Transport (HCMLT), to advise on the secondary offering of subsidiary, Alexandria Container and Cargo Handling (ACCH). This is the first secondary placement offering in the Government sponsored IPO program.

NI Capital will launch the RFP process to invite qualified leading national, regional and global investment banks to bid for the role of global coordinators, book runners and, potentially, underwriters for the sale of HCMLT’s secondary share.

Launch of Egypt’s Government IPO Program: The Ministry of Investment and International Cooperation, The Ministry of Petroleum and Mineral Resources and NI Capital Announce CI Capital Investment Banking, Jefferies International Limited and Emirates NBD Capital Limited as ENPPI’s Winning Consortium

By | Investment Banking Advisory

The Ministry of Investment and International Cooperation, the Ministry of Petroleum and Mineral Resources and NI Capital announced today that the consortium led by CI Capital, comprising of Jefferies International Limited and Emirates NBD Capital Limited was declared winner and its members to act as lead managers and bookrunners for the potential ENPPI IPO. The Ministry of Investment and International Cooperation along with the Ministry of Petroleum and Mineral Resources are eager to see this transaction succeed, affording it all the support it merits.

The Minister of Investment and International Cooperation, H.E. Dr. Sahar Nasr said, “We are keen to see the success of this IPO Program in broadening the ownership base in state-run companies through private sector participation, offered to both retail and institutional investors in Egypt and beyond. The ENPPI IPO is only the beginning of a pipeline of state-run companies to offer minority shares publicly over the next year, while keeping majority stakes owned by the government in these enterprises, increasing the overall width and liquidity of Egypt’s’ stock market”.

Minister of Petroleum and Mineral Resources, Eng. Tarek El-Molla stated, “We believe that ENPPI is the best fitted company to inaugurate the IPO Program. ENPPI provides a good proxy to the thriving Egyptian oil and gas industry and will act as a flagship company to the government IPO program and to increase the overall sector diversification of the Egyptian stock market. The proceeds of the IPO will be efficiently utilized to expand existing and inject new investments into the oil and gas sector.”

NI Capital, the sole advisor to the government on its IPO Program, received several bids from leading investment banks and consortia looking to manage the minority sale of ENPPI’s share. NI Capital’s Chief Executive Officer and Managing Director, Ashraf Ghazaly said, “We are pleased to announce CI Capital – Jefferies International Limited – Emirates NBD Capital Limited as ENPPI’s minority share issue lead managers.”

CI Capital’s Executive Chairman & Group CEO, Mahmoud Attalla said, “Our Consortium is honored to be chosen as the first issue in the IPO Program. Our consortium members’ combined experience and capabilities will ensure the success of the IPO.”

This announcement marks the first real step in fulfilling the government’s sponsored IPO program. The IPO Program led by the Ministry of Investment and International Cooperation reflects the Government’s long term commitment to economic reform. With current economic conditions stabilizing, the IPO Program is set to draw local and foreign interest and encourage investment in multiple strategic industries and sectors with future potential for growth and prosperity as well as increasing the transparency, enhancing good governance and disclosure practices of the companies to be listed.

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NI Capital Announces the Launch of the Request for Proposal Process for ENPPI’s IPO

By | Investment Banking Advisory

NI Capital, a sovereign subsidiary of the National Investment Bank and the sole advisor to the government on the IPO program, announces the launch of the Request for Proposal process to invite qualified local and international investment banks to bid for the role of global coordinator/lead arrangers (along with necessary consortium members) for the minority sale of ENPPI’s share on the Cairo Stock Exchange.

This step marks the kickoff of the first transaction in the government’s sponsored IPO program under the patronage of the Ministry of Investment & International Cooperation which is part of Egypt’s recent economic and policy reform efforts. The IPO program is fueled by a fundamental belief in the role of the Egyptian stock exchange as an immediate source of fresh funds, a means to diversify funding sources for the state and a catalyst to widening ownership base of state-run firms.

“NI Capital is pleased to announce the launch of the RFPs process for ENPPI’s potential IPO, which marks the first milestone in this important transaction.  We are confident that this transaction will be a success; ENPPI is one of the most successful oil and gas EPC contractors in the region.” said Ashraf Ghazaly, CEO and Managing Director at NI Capital. “The Ministry of Investment and International Cooperation along with the Ministry of Petroleum and Mineral Resources are affording this transaction all the support it merits” added Ghazaly.

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