Thndr Claps
  • U.S.
  • Egypt
  • Saudi
  • Thinkers
  • Arabic
No Result
View All Result
Thndr Claps

Thndr Claps » EGY Claps » EGX 🔔 » Egyptian-Foreign Consortium Targets Listing First SPAC on EGX🤝

Egyptian-Foreign Consortium Targets Listing First SPAC on EGX🤝

by Shams Abbas
January 17, 2022

Head of the Capital Market Department at Zulficar & Partners Law Firm Anwar Zeidan revealed that an Egyptian-foreign consortium is looking to list the first special purpose acquisition company (SPAC) on the EGX within a few weeks. 

For a refresher on what it takes to set up a SPAC in Egypt, click here.

More Details🧐 The consortium submitted an application to the FRA to obtain the license for a Venture Capital firm, along with a request to establish the first “SPAC” company in the Egyptian market.

Zeidan added that the SPAC’s initial capital will be EGP 10 million, which is the minimum required capital to set up a SPAC. 

Why is this Important🤔 It’s been over two months since the FRA approved the establishment of SPACs. While it is new territory for both the FRA & those considering establishing a SPAC, the first SPAC-to-be is sure to pave the way for more to come.

  • Click to share on Facebook (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)

Related Posts

EGX 🔔

Egyptian government could push back capital gains tax law

by Shams Abbas
February 6, 2023
EGX 🔔

FRA wants to make it easier for companies to increase their capital

by Shams Abbas
February 6, 2023
EGX 🔔

20+ new companies on the EGX in 2023?

by Shams Abbas
February 2, 2023
EGX 🔔

EGX30 reaches its highest level in five years

by Shams Abbas
January 30, 2023
EGX 🔔

EGX30 sees new joiners & departers

by Shams Abbas
January 30, 2023
EGX 🔔

CI Capital plans to co-establish new equity fund

by Shams Abbas
January 23, 2023

Website

Community

Blog

Learn

© Thndr. All rights reserved

No Result
View All Result
  • U.S.
  • Egypt
  • Saudi
  • Thinkers
  • Arabic

Disclaimer: Thndr does not provide investment advice, individual investors are responsible for their own decisions or can seek independent advice. The value of investments can go up and down. Thndr is a trading name of Thndr Securities Brokerage which is authorised and regulated by the Financial Regulatory Authority (FRA). Registered in Egypt (no. 804)..© Thndr. All rights reserved

 

Hello👋 We want you to be able to express your opinions on anything and everything finance and economics related to the Egyptian and US markets.

This is why we introduced Thndr Thinkers💭

Let’s go through some housekeeping notes before you jump into publishing your article to all Thndr Claps readers!

Type of Content📝 We want to see market-relevant content that shows good analysis, please! Base your articles on facts 

Don’t be shy, explain🗣 Flex your knowledge to us, and we’ll share it with all the readers!

Be Original🙏 Please don’t copy. No one likes a copycat. All submissions are welcome as long as they’re yours 

Make your title attractive🤩 A title is like the cover of your book. Attractive enough to make you look at the book but also clear enough to tell you what the book is about.

Clean🧹 We’re all humans and we all make mistakes. But please try and clean up the article so it’s clear for all the readers 

No promotional content🚫 We don’t publish promotional content.

Any questions about becoming a Thndr Thinker? Email thndrclaps@thndr.app and we’d be happy to help!

Normally, your article will be published within 24 hours of submission (if you followed the guidelines)