EGX 30 index closed at 10,995.59 points, recording an increase of 4.36%. EGX70 EWI index posted 0.98% loss concluding the period at 2,636.6 points, while S&P
index rose by 0.08% and concluded the period at 1,780.86 points.
EGX 30 index capped rose by 3.55% and concluded at 13,341.92 points, while EGX 100 EWI index declined by 0.43% and concluded the period at 3,593.06 points.
Total market capitalization reached EGP 711.6 billion at end of period, representing an increase of 1.8% over the period.
The total value traded recorded EGP 25.1 billion; while the total volume traded reached 2,143 million securities executed over 176 thousand transactions last week.
The total value traded recorded EGP 21.3 billion, while the total volume traded reached 4,798 million securities executed over 146 thousand
transactions.
Stocks trading accounted for 28.2% of the total value traded of the main market, while the remaining 71.80% were captured by bonds over the week.
Egyptians represented 76.8% of the value traded in listed stocks after excluding deals during the period. Foreigners accounted for 15.1%, while Arabs captured 8.0%. Foreigners were net sellers, with a net of EGP 662.5 million, and Arabs were net buyers, with a net of EGP 64.9
million, after excluding deals in listed stocks.
Since the beginning of the year Egyptians represented 83.5% of the value traded in listed stocks after excluding deals, Foreigners accounted for 9.7%, while Arabs captured 6.8%.
Foreigners were net sellers by EGP 3,588.5 million, and Arabs were net buyers by EGP 2,102.9 million, after excluding deals in listed stocks during this year since started.

Dr. Rania Al-Mashat, Minister of International Cooperation, received Swiss Ambassador to Cairo Paul Garnier, and the Minister of International Cooperation was keen to thank the Swiss ambassador on the occasion of the end of his tenure in Egypt, praising the fruitful cooperation between the Egyptian and Swiss sides during the ambassador’s tenure of office, stressing the depth of relations that links Egypt and Switzerland

The Egyptian food industry exports during the first eight months of 2021 amounted to about 2.752 billion dollars, achieving a growth rate of 17% in value compared to the exports of the same period in 2020, which amounted to 2.345 billion dollars, achieving a growth value of 397 million dollars.

DUBAI: Saudi British Bank (SABB) deposited its first funds with HSBC in the UAE to finance only sustainability linked projects, becoming the first Saudi Arabian institution to make what's called "green deposit", according to a statement.

Funds deposited will be used by HSBC to provide financing for green projects and initiatives such as renewable energy, energy efficiency, green buildings and biodiversity conservation.

The first green deposit issued in UAE dirhams is one of the first green deposits made by a financial institution in the Middle East, the banks claimed.

The deal comes just a few months after HSBC launched green deposits in the UAE, it said, adding that it's the third green deposit issued so far.

Mohammed Al-Shaikh, Deputy Managing Director of Treasury at SABB, said: “It gives us great pleasure to announce the Kingdom’s first green deposit which is a true testament of the pivotal role ESG plays in our merged bank’s newly announced strategy. Our partnership with HSBC puts us in a unique position to expand our offering continuously and provide best in class solutions for our customers and the Kingdom as a whole.”

"Clients of HSBC’s green deposits receive a portfolio-level view of how their funds have been deployed to support sustainable projects, with the ability to manage their green account as simply as a regular deposit account," according to the statement.

Arab News
Saudi Arabian inflation rate accelerated in September after hitting the lowest level in 20 months in August, according to official data.

The inflation rate in September was 0.6 percent, up from 0.3 percent in August, the General Authority of Statistics said today.

The increase was fuelled by a faster growth in prices for food and beverages — the group of items with the second largest weight in the index (19 percent).

Price growth for the group accelerated to 2.4 percent year-on-year in September from 1.9 percent in August. This reflects the rising costs of vegetables, up 12.5 percent, and poultry, up 2.0 percent, GaStat said in the press release.

‘Housing, water, electricity, gas and other fuels’, the group with the highest weighting in the index — 26 percent — saw the annual price deflation to have eased as it came in at minus 3 percent compared to minus 3.5 percent in the previous month.

Annual growth in prices in the ‘Transport’ group items — which has a weighting of 13 percent in the general index — decelerated to 5.9 percent from 6.5 percent in August.

However, the group remains an important contributor to the headline growth in consumer prices driven by exceptionally high annual growth in gasoline, up 44.9 percent, GaStat pointed out.

It is also noteworthy that the price index for “Education” recorded an annual growth of 0.5 percent after a 12-month long deflation period resulting from the sharp fall in price index for that group in September 2020.

GaStat cited the 4.4 percent annual increase in prices for secondary education in September this year as the course of price growth in the group.

On a month-on-month basis, the CPI grew by 0.2 percent compared to 0.1 percent in August.

The Saudi Central Bank had projected the inflation rate to remain stable in the third quarter of 2021 compared to the second quarter.

The Royal Decree issued to fix the maximum local prices for gasoline 91 and gasoline 95 at SR2.18 and SR2.33 per litre respectively is expected to stabilize inflation rate in the coming period, the regulator said in its inflation report issued in August.

Capital Economics, an economic research firm, said that while inflation is likely to edge higher over the rest of the year, it is still expected to remain in the 1-1.5 percent range in 2022-23.

James Swanston, MENA economist at Capital Economics, said that “the recovery in the Kingdom’s non-oil sector is likely to be relatively slow-going” which means that inflationary pressures will remain low over the coming period.

The report added that rising oil prices, along with an increased oil output, are expected to boost oil export revenues, keeping the budget deficit in check. This could further reduce mounting inflationary risks.

Arab.news

RIYADH: Saudi Arabia's National Investment Strategy will include 40 initiatives, including the opening of economic zones, Minister of Investment Khalid Al Falih revealed.

The Kingdom will see the opening of the economic zones soon, Al Falih said during an interview with Al Arabiya, without providing a time frame.

“We want Saudi Arabia to be able to provide international supply chains and the opportunity is currently available, and we also aim that the Kingdom becomes an essential supplier of vital commodities to the world,” he explained.

Al Falih pointed out the importance of digital transformation, logistic zones, developing the tourism sector, and developing industry, as well as creating special economic zones for traditional sectors, as an essential element for investment in the Kingdom.

The Kingdom aims to be the headquarters for exporting the products of international companies, he said.

The National
The value of UAE’s non-oil trade with the rest of the world grew an annual 27 per cent in the first half of the year to Dh900 billion ($245bn) as the country's economy continues to recover from the impact of the pandemic on the back of its rapid vaccination programme and government stimulus measures. The uptick is 6 per cent higher than the first half of the year in 2019.

Non-oil exports from the Arab world’s second-largest economy grew an annual 44 per cent to Dh170bn, and 41 per cent higher than the first half of the year

The National
Abu Dhabi's ADQ buys 50% stake in IHC’s Eltizam Asset Management
Aldar and ADQ consortium to buy 90% of Egyptian developer Sodic
ADQ expands healthcare and pharma portfolio with two strategic investments
“We have worked closely with Munich Re on setting Daman’s strategy as an industry leader in the insurance sector,” said Fahad Al Qassim, executive director of health care and pharma at ADQ.

“Acquiring the remaining stake will help us to further position Daman as a pioneer in healthcare insurance and build on its operational excellence, innovative solutions, valuable products and government partnerships.”

Set up in 2018, ADQ has a portfolio of companies in strategic sectors of Abu Dhabi’s non-oil economy, including tourism and hospitality, aviation, transport, logistics, industrial, property, media, health care, agriculture and food and financial services.

ADQ’s portfolio of companies includes the Abu Dhabi Power Corporation, Abu Dhabi Airports, Abu Dhabi Ports, Etihad Rail, healthcare provider Seha, insurer Daman, Abu Dhabi National Exhibitions Company and media companies Abu Dhabi Media and twofour54.

The Abu Dhabi state holding company entered into a definitive agreement last month to buy Switzerland-based pharmaceutical company Acino, its biggest deal within the healthcare and pharmaceuticals sector to date. It is also looking to buy up to 90 per cent of the share capital of Egypt’s Sixth of October for Development and Investment Company along with Abu Dhabi’s Aldar Properties.


Earlier this year, ADQ bought Egypt’s Amoun Pharmaceutical Company from Canada’s Bausch Health for $470 million to build its healthcare portfolio. It is also investing up to $1 billion in Abu Dhabi-based retail chain Lulu International Holdings to help the company expand its operations in Egypt.

“We have collaborated with Daman since its inception and we look forward to continuing our steadfast commitment to supporting the nation’s leading insurance provider as it embarks on its next stage of growth,” said Thomas Blunck, member of the board of management at Munich Re.

Established in 2006, Daman is now one of the UAE’s largest health insurance providers with more than 2.5 million members.

Daman introduced a new corporate strategy earlier this year to help transform its business operations. It appointed Hamad Al Mehyas as the company’s new chief executive in 2020. He led the company after a major reorganisation in 2019.

According to the letter received from the MCDR on 13/10/2021 by the periodical partial redemption (Installment no . 9) for the listed bonds of Capital For Securitization The Sixth Issue Tranche A January 2022 . The total listed value of the bonds after the partial redemption becomes EGP 135,200,000 distributed over 2,360,000 bonds at a par value of EGP 57.2881355932 . These modifications will be applied to EGX database effective 17/10/2021 trading session. This Bond Tranche has been Locally rated by MERIS As AA+ , At a variable interest rate according to the Discount Rate announced by the Central Bank + Margin 0.15 % to be paid monthly

According to the letter received from the MCDR on 13/10/2021 by the periodical partial redemption (Installment no. 21 ) for the listed bonds of Tawreeq Securitization The First Issue Tranche B December 2021. The total listed value of the bonds after the partial redemption becomes EGP 11,000,000 distributed over 1,019,000 bonds at a par value of EGP 10.7948969578. These modifications will be applied to EGX database effective 17/10/2021 trading session. This Bond Tranche has been locally rated by MERIS As AA, at a fixed annual rate of 17.54% to be paid monthly.

According to the letter received from the MCDR on 13/10/2021 by the periodical partial redemption (Installment no. 11) for the listed bonds of Egyptian Co. For Securitization The Seventh Issue Tranche C June 2023. The total listed value of the bonds after the partial redemption becomes EGP 242,078,074.92 distributed over 3,582,000 bonds at a par value of EGP 67.581818766. These modifications will be applied to EGX database effective 17/10/2021 trading session. This Bond Tranche has been Locally rated by MERIS As AA-, at a variable interest rate representing the yield of Treasury Bills 182 days after taxes + a profit margin of 1.50 % to be paid monthly.

Company Name : Egyptian Iron & Steel
ISIN Code : EGS3D061C015
Reuters Code : IRON.CA
Content :
The liquidator's report on the results of the liquidation works for the financial period from 01/01/2021 to 31/05/2021.

The Report (613 KB)

Company Name : Rights Issue Of Port Saied For Agricultural Development&Cons
ISIN Code : EGS922F1C017
Reuters Code : PSAD_r1.CA
Content :
Release regarding the disclosure form according to the Article 29 of EGX Listing Rules. regarding the disclosure form according to the Article 29 of EGX Listing Rules.


Release 1 (247 KB)
Release 2 (189 KB)

Company Name : Iron And Steel for Mines and Quarries
ISIN Code : EGS102S1C014
Reuters Code : ISMQ.CA
Content :
The company's response to the report of the Central Auditing Organization on the financial statements for the financial period ending on 30/06/2021.

News Attachment (2,723 KB)

Insider Trading Executions: Trading Session 13/ 10 /2021
Company Name: Zahraa Maadi Investment & Development
Position: Board of Directors
Transaction: sell
Number of Shares: 15084

Insider Trading Executions: Trading Session 13/ 10 /2021
Company Name: Universal For Paper and Packaging Materials (Unipack
Position: Board of Directors
Transaction: sell
Number of Shares: 5852984

Insider Trading Executions: Trading Session 13/ 10 /2021
Company Name: Credit Agricole Egypt
Position: Related parties
Transaction: buy
Number of Shares: 52146

Insider Trading Executions: Trading Session 13/ 10 /2021
Company Name: Development & Engineering Consultants
Position: Related parties
Transaction: sell
Number of Shares: 4089

Insider Trading Executions: Trading Session 13/ 10 /2021
Company Name: Development & Engineering Consultants
Position: Related parties
Transaction: sell
Number of Shares: 4089

Insider Trading Executions: Trading Session 13/ 10 /2021
Company Name: Egyptian Real Estate Group
Position: Board of Directors
Transaction: buy
Number of Shares: 1191836

Insider Trading Executions: Trading Session 13/ 10 /2021
Company Name: Egyptian Real Estate Group
Position: Board of Directors
Transaction: buy
Number of Shares: 4405748

Insider Trading Executions: Trading Session 13/ 10 /2021
Company Name: Egyptian Kuwaiti Holding‐ EGP
Position: Board of Directors
Transaction: buy
Number of Shares: 1000000

Insider Trading Executions: Trading Session 13/ 10 /2021
Company Name: Porto Group
Position: Board of Directors
Transaction: buy
Number of Shares: 6150000

Insider Trading Executions: Trading Session 13/ 10 /2021
Company Name: Nozha International Hospital
Position: Main shareholder
Transaction: buy
Number of Shares: 50

Insider Trading Executions: Trading Session 13/ 10 /2021
Company Name: Contact Financial Holding
Position: Reward and motivation system
Transaction: buy
Number of Shares: 75000

Insider Trading Executions: Trading Session 13/ 10 /2021
Company Name: Fawry for Banking Technology And Electronic Payment
Position: Company management
Transaction: sell
Number of Shares: 15996

Insider Trading Executions: Trading Session 13/ 10 /2021
Company Name: Fawry for Banking Technology And Electronic Payment
Position: Company management
Transaction: sell
Number of Shares: 34892

Insider Trading Executions: Trading Session 13/ 10 /2021
Company Name: Fawry for Banking Technology And Electronic Payment
Position: Company management
Transaction: sell
Number of Shares: 25000

Insider Trading Executions: Trading Session 13/ 10 /2021
Company Name: Egyptian Media Production City
Position: Board of Directors
Transaction: sell
Number of Shares: 3738

Aman for Financial Services plans to raise its capital by 64% to EGP 615 million, Al Borsa Newspaper reported, citing the company’s CEO Hazem Moghazi on the sidelines of the “Digital Transformation and Future of E-Commerce” conference.

Egypt Aluminum (Egyptalum) (EGAL) has raised supplying prices to factories and retailers by EGP 4,000 to EGP 5,500 in October 2021, the company’s head of marketing and spokesperson Ehab El Elwany told Al Mal Newspaper.

Real Estate Egyptian Consortium (AREH) announced that shareholder Khalfan Faraj Al Mehairbi sold 2.38 million shares in the company at an average price of EGP 5.88 per share, according to a filing to the Egyptian Exchange (EGX).

The total value of the shares’ sale transaction amounted to EGP 13.88 million.

Real Estate Egyptian Consortium (AREH) announced that shareholder Khalfan Faraj Al Mehairbi sold 2.38 million shares in the company at an average price of EGP 5.88 per share, according to a filing to the Egyptian Exchange (EGX).

The total value of the shares’ sale transaction amounted to EGP 13.88 million.

Six of October Development and Investment (SODIC) (OCDI) has signed a long-term syndicated facility valued at EGP 1.57 billion with Arab African International Bank (AAIB) and Banque Misr, according to a press release.

The facility will be directed to fund SODIC West, the company’s flagship development in West Cairo.

Under the deal, SODIC will use the facility to finance EGP 1.1 billion outstanding on the EGP 1.3 billion medium-term facility signed in April 2017.

This facility will also be used to partially finance the remaining capital expenditure (CAPEX) on SODIC’s investment portfolio of leasable assets and real estate development projects in SODIC West.

AAIB and Banque Misr acted as the co-lead arrangers of the facility agreement.

This agreement comes in line with SODIC’s goal to boost its leverage to improve returns for shareholders, which remains low, with bank debt outstanding amounting to EGP 2.4 billion as of June 30th, 2021, indicating a debt-equity ratio of 0.4x.

News Attachment in Arabic (45 KB)
News Attachment in English (38 KB)

Company Name : Al Moasher for Programming and Information Dissemination
ISIN Code : EGS745W1C011
Reuters Code : AMPI.CA
Content :
FRA decided to stop trading on the shares of Al Moasher for programming and information dissemination Company until the company responds to the Authority's inquiries regarding some notes related to the financial statements and the extent of developments affecting the company's activities and business results.

The Membership Committee no. (10) of 2021 issued decision no. (75) Of 2021 during its session held on 12/10/2021 accepting the registration of Al Ahly Capital Holding -Code no. 4624- (As a Custodian) in the Membership Registry, according to the Membership Rules Issued by Decision No. 156 for 2014 By EGX Chairman. 

Company Name : Egyptian Iron & Steel
ISIN Code : EGS3D061C015
Reuters Code : IRON.CA
Content :
The company's response to the report of the Central Auditing Organization on the financial statements for the financial period ending on 31/05/2021.
News Attachment (2,013 KB)

Company Name : Egyptian Iron & Steel
ISIN Code : EGS3D061C015
Reuters Code : IRON.CA
Content :
AGM Decisions
Assembly Date : 13/10/2021


AGM Decisions (111 KB)

Company: Credit Agricole Egypt
Symbols: EGS60041C018
Reuters: CIEB.CA

Content : Disclosure Form of the company for the Board of Directors and the shareholders' structure for the period 30/09/2021, according to Article 30 of the Listing Rules.
News Attachment (733 KB)
News Attachment (558 KB)

Company Name : Mena Touristic & Real Estate Investment
ISIN Code : EGS65441C015
Reuters Code : MENA.CA
Content :
EGM minutes after certification
Assembly Date : 24/06/2021


EGM Minutes (272 KB)

Company Name : Amer Group Holding
ISIN Code : EGS675S1C011
Reuters Code : AMER.CA
Content :
Release from the company announces the purchase of treasury stocks during 13/10/2021 trading session.

The Release (28 KB)

Six of October Development and Investment (SODIC) signed a long-term syndicated facility worth EGP 1.57 billion with Arab African International Bank (AAIB) and Banque Misr (BM) to finance the company’s West Cairo development SODIC West.

The loan will refinance EGP 1.1 billion outstanding on the EGP 1.3 billion medium-term facility signed in April 2017 and partially finance the remaining capital expenditure (CAPEX) on the company's investment portfolio of leasable assets and real estate development projects in SODIC West, according to a bourse disclosure on Thursday.

The Sovereign Fund of Egypt (TSFE) signed an agreement with Norway's Scatec and Fertiglobe plc, an ammonia producer jointly owned by the Netherlands-based OCI and Abu Dhabi National Oil Company (ADNOC), to develop a 50-100 megawatt (MW) green hydrogen facility as feedstock for green ammonia production.

Scatec will build and operate the facility and a long-term off-take agreement will be signed with Fertiglobe’s subsidiary Egyptian Basic Industries Company (EBIC), according to a statement on Thursday.

The facility, which will be built near EBIC in Ain Sokhna, will be majority-owned by Scatec, while the remaining interest will be distributed between TSFE and Fertiglobe. It is expected to be operational by 2024.

The British independent power producer Globeleq has acquired ARC for Renewable Energy (ARC) 66-MWp solar PV plant at the Benban Solar Park near Aswan, Egypt.

The project was developed by the SECI Energia, Enerray, and Desert Technologies consortium as part of the second round of the Egyptian government's feed-in-tariff (FiT) programme, according to a statement on Thursday.

The solar plant, which has been operational since November 2019, provides clean electricity to the Egyptian Electricity Transmission Company (EETC) under a 25-year power purchase agreement (PPA).

The Central Bank of Egypt (CBE) will offer treasury bills (T-bills) worth EGP 18 billion on Thursday on behalf of the Ministry of Finance.

The first tranche of the T-bills will be offered through 182-day notes valued at EGP 3 billion, while the second tranche is worth EGP 15 billion and will be offered through 364-day notes, the CBE said on its official website.

The issuance will be used to finance the country’s budget deficit. State-run banks are the top purchasers of government debt instruments.

Company Name : Paints & Chemical Industries (Pachin)
ISIN Code : EGS38311C014
Reuters Code : PACH.CA
Content :
The company sent its Disclosure Form for the BoD & the shareholders' structure for the period ended 30/09/2021 according to Article 30 of the Listing Rules.


The Disclosure Form (1,126 KB)

Company Name : Orascom Construction PLC
ISIN Code : EGS95001C011
Reuters Code : ORAS.CA
Content :
Orascom Construction Consortium to develop a 500 MW build-own-operate wind farm in Egypt.

The Release in Arabic (325 KB)
The Release in English (268 KB)

Company Name : Egyptian Transport (EGYTRANS)
ISIN Code : EGS42051C010
Reuters Code : ETRS.CA
Content :
The Board of Directors' decisions held on 13/10/2021.

The Decisions (290 KB)

Company Name : Ceramic & Porcelain
ISIN Code : EGS3C111C019
Reuters Code : PRCL.CA
Content :
The Board of Directors' decisions held on 13/10/2021.

The Decisions (875 KB)