AF
Exchanges, listings, and reform across Africa's fastest-growing capital markets.
قبل أن يُطرح أي سند شركة للاكتتاب في مصر، تمر نشرة إصداره بسلسلة فحوصات قانونية ومالية دقيقة داخل الهيئة العامة للرقابة المالية، فكيف تسير هذه العملية عملياً؟
A bond can be marketed as green and still be refused entry to the Johannesburg Stock Exchange's green segment. Here is the verification chain that decides which ones qualify.
On the Nigerian Exchange, a bonus share issue can multiply a shareholder's share count overnight without adding a single naira of wealth. Here is the mechanical difference between that and a stock split.
A look at the tranche system, pro-rata scaling and bookbuilding rules that decide how many shares each type of investor gets in a Nairobi Securities Exchange listing.
حين تعلن شركة نطاق سعر لاكتتابها العام، غالباً ما يفترض المراقبون أن السعر النهائي سيقع في المنتصف. لكن التسعير عند الحد الأعلى ليس مصادفة، بل نتيجة مباشرة لآلية بناء سجل الأوامر.
Before a thematic exchange-traded fund ever trades a share, a chain of rules, from eligibility screens to index committees to rebalancing bands, determines exactly what goes in and what gets dropped.
Sovereign Eurobonds are typically issued in dollars or euros under New York or English law, even by countries with fully functioning currencies of their own. Here is the structural logic behind that choice.
A single misplaced decimal in one analyst's spreadsheet can nudge a "consensus" figure that markets treat as gospel. Here is how that number actually gets built, and why beating or missing it is a narrower test than it sounds.
تشرح هذه المقالة الفرق البنيوي بين الطرح الخاص والاكتتاب العام الأولي من حيث فئة المستثمرين المستهدفة ومستوى الإفصاح المطلوب قانوناً.
A look at how sector classification works on the Johannesburg Stock Exchange and why the performance of a handful of industry groups can steer the whole index.
Auction results often get reduced to a single number, the bid-to-cover ratio. Here is what that figure actually measures and what it leaves out.
Every bond auction produces a "market clearing rate" that most bidders never actually get. Here is the mechanics behind bidding, allotment and pricing in a typical Treasury bond sale.
ليست كل الأسهم المطروحة في اكتتاب عام أولي تُوزَّع بالطريقة نفسها. تعرف على آلية تخصيص الأسهم بين صغار المستثمرين والمؤسسات في السوق المصرية.
Between the moment underwriters set an IPO's offer price and the opening bell, a tightly choreographed sequence of confirmations, allocations, and exchange procedures unfolds, mostly invisible to the public.
A single stock jumping or falling too fast can trigger an automatic pause on the Nigerian Exchange, here is exactly how those price limits and market-wide halts are triggered and lifted.
A look at how the Nairobi Securities Exchange processes rights issues procedurally, and how the renounceable rights themselves get bought and sold before they expire.
Behind every corporate bond listed in Johannesburg sits a web of gatekeepers, from debt sponsors to trustees, that most investors never think about until something goes wrong.
Behind a single circular sent to shareholders lies months of regulatory clearance, pricing decisions and disclosure work: here is what the JSE Listings Requirements actually demand of a company raising capital through a rights offer.