Transport projects are one of the most important goals of Egypt’s national projects, represented in the national road network, with more than L.E. 5.4 billion were spent on developing roads during fiscal year 2021/2022 as part of the Haya Karima presidential initiative.




As part of the initiative, developing roads and improving the quality of transport services is a priority in more than 4,600 villages, according to a report by the Ministry of Planning and Economic Development.



A total of 9,000 km of internal and main roads are being paved, and 634 car and pedestrian bridges are established and developed, in addition to the development of 116 railway stations to serve the people of 1,477 villages within the first phase of the initiative.



The report pointed out that public investment directed to the transport sector exceeded 665 billion pounds during the past eight years (14/2015-21/2022), with a rate of more than 454 percent, compared to the previous eight years (2007/06- 13/2014), where the annual investments directed to the sector increased from 16.2 billion pounds in 2014/13 to 222.5 billion pounds in 21/2022, with a growth rate of 1,273 percent.



The report indicated that the total investments of the transport sector in the general plan (22/2023) are estimated at about 307 billion pounds, and about 72 percent of the total belongs to the economic authorities.



Public investments in total constitute about 91 percent of the total investments in the sector, and these investments are given priority to finish the projects that are almost completed in the national project.

The directives issued by the Egyptian President Abdel Fattah El Sisi to support local industries would help improve the products’ quality and attain increase in production, affirmed Finance Minister Mohamed Maait.

The minister’s remarks were made Sunday on the sidelines of attending the inauguration of the “Baladna Industry ” Fair, which is held under the auspices of Prime Minister Moustafa Madbouli.

The National Press Authority (NPA) organizes the fair in cooperation with three state-owned press institutions; namely: Al-Ahram, Akhbar Al-Youm and Darul Al-Tahrir for Printing and Publishing.

The State’s upcoming strategy mainly focuses on enhancing industry, increasing production and providing jobs in order to strengthen the national currency, added the minister.

Events and proceedings which are taking place daily intensify this strategy, he further said.

He, meanwhile, hailed the “Baladna Industry” Fair, saying that this fair reflects the industrial advancement and copes with President Sisi’s directives to develop industry and increase the industrial-related activities.

Egyptian Local Development Minister Mahmoud Shaarawi underlined on Sunday the importance of rallying all efforts of State apparatuses to encourage national products in all domains and boost the private sector at the time being.

The minister made the remarks during his participation in the first edition of Senaat Baladna (Our Country’s Industry) exhibition under the sponsorship of Prime Minister Moustafa Madbouli at Egypt International Exhibition Centre in New Cairo.

The National Press Authority (NPA) is organizing the event in cooperation with three state-owned press institutions; Al-Ahram, Akhbar Al-Youm and Dar Al-Tahrir for Printing and Publishing.

The minister said the exhibition comes at an important timing in light of the current global crisis and the State’s plans to localize industry to boost competitiveness of Egyptian products.

The event will be a chance to shed light on accomplishments made by the national industry over the past eight years, the minister said.

He lauded the keenness of NPA and state-owned institutions on organizing the event given their important role in serving the Egyptian society.

The exhibition is also a chance to explore available investment opportunities and clinch partnerships to stop reliance on imported production materials, he added.

The Egyptian House of Representatives under Hanafi Gebali finally approved presidential decree no 261 of 2022 sanctioning an agreement between the Egyptian and Saudi governments on investment of the Saudi Public Investment Fund in Egypt.

The agreement was signed in Cairo on March 30.

This came during a general session on Sunday that was attended by representatives for the bodies concerned with investments.

Lawmakers hailed the amicable ties and cooperation between Egypt and Saudi Arabia in various domains, especially in investment sector.

Egyptian Minister of Public Business Sector Hisham Tawfiq said Sunday that an “Our Country’s Industry” exhibition reflect Egypt’s keenness on supporting the national industry and enhancing local manufacture.

This constitutes a major pillar of stability and development, Tawfiq said in an inaugural speech on behalf of Prime Minister Moustafa Madbouli.

The fair opened today and should last until July 5.

Tawfiq inspected the pavilions of the exhibition, in which industrial and production companies affiliated with his Ministry are taking part.

(BNA):


Brazil's trade surplus reached $8.814 in June, official figures showed on Friday, below market expectations.


Economists polled projected a $9.994 billion surplus for the month.


The reading was the second best for the month of June, after last year, since the figures were recorded in 1989.


According to the Economy Ministry, exports grew 15.6% from June last year, to $32.7 billion, while imports jumped 33.7% to $23.9 billion.


Global inflationary pressures have been boosting the value of tradable goods, amid rising food and energy prices and disrupted supply chains.


But Brazilian imports have increased faster, which has prompted the ministry to revise its projections for the year.


The first half of 2022 ended with a $34.2 billion surplus, down from $37.0 billion in the year-ago period. The government now expects to end 2022 with a $81.5 billion surplus.


The number represents a major cut from the $111.6 billion 2022 surplus estimate made in April.


The outlook for exports was revised slightly up to $349.4 billion in 2022, from $348.8 billion. Imports are now expected to reach $268.0 billion this year, up from the previous $237.2 billion estimate.

(BNA):


Spire premier GCC Open Banking provider is set to expand its operations in Bahrain and the MENA region through a BD 15 million investment plan with support from the Bahrain Economic Development Board (EDB).


This expansion will create 200 jobs over the next three years in high-value data sciences and artificial intelligence sectors.

Spire graduated from the Central Bank of Bahrain (CBB) Open Banking Sandbox and was ratified by CBB to offer Open Banking services in Bahrain.


Spire aims to provide Open Banking compliance infrastructure and strategic financial management solutions for banking customers and small businesses.


“Open Banking will comprehensively change how banks and fintech engage with the larger economy,” Spire Technologies Board Chairman Osama Al Khajah said.


“Spire is empowering individuals and businesses and will help create more affordable and innovative financial solutions. Bahrain was a natural choice for Spire to launch its MENA business given the Kingdom’s strong regulatory framework, talent, and support from EDB and the central bank.”


"Spire’s success reflects Bahrain's strong financial services eco-system, including open banking services, and we are pleased to support the company with its expansion and see it benefit from Bahrain's pro-innovation regulatory framework and collaborative Team Bahrain approach,” EDB Financial Services, Technology, and Innovation, Executive Director Musab Abdullah said.

(BNA):


Bahrain All Share Index closed at 1,865.79 points, marking an increase of 26.16 points above the previous closing.


This increase was due to the raise in the financials sector.


Bahrain Islamic Index closed at 668.53 points, marking an increase of 0.77 points above the previous closing.


Results indicated that 50 equity transactions took place with a volume of 936,973 worth BD 311,207.


Investors traded mainly in the financials sector representing 77.31% of the total value of securities traded.

(WAM) --The Iraqi Ministry of Oil announced Wednesday that the revenues achieved during the month of May 2022 amounted to more than $11 billion.

A statement by the ministry, received by the Iraqi News Agency (INA), stated that "the Ministry of Oil announces the total exports and revenues achieved for the month of May, according to the preliminary statistics issued by State Organisation for Marketing of Oil SOMO, where the total amount of exports of crude oil reached 102 million and (303) thousand and (20) barrels, with revenues amounting to $11.436 billion."

The statement added, "The total quantities exported of crude oil for the month of May from oil fields in central and southern Iraq amounted to (98) million (946) thousand and (914) barrels, while from Kirkuk fields through Ceyhan port, the exported quantities amounted to (3) Millions and (2) thousand and (133) barrels."

The statement pointed out that "the average daily quantities amounted to (3) million and (300) thousand barrels per day," noting that "the average price of one barrel amounted to more than 111,79 dollars."

(WAM) -

Dubai Electricity and Water Authority (DEWA) announced that the total production capacity of energy has reached 14,117 megawatts (MW) after adding 700MW.

This includes 600MW from the Hassyan Power Complex, which runs on natural gas, and 100 MW from photovoltaic (PV) solar panels at the 5th phase of the Mohammed bin Rashid Al Maktoum Solar Park, which DEWA is implementing. It is the largest single-site solar park in the world using the Independent Power Producer (IPP) model, with a planned capacity of 5,000MW by 2030.

By adding 100MW from the 900MW fifth phase, the current production capacity of the Mohammed bin Rashid Al Maktoum Solar Park, has reached 1,627MW using PV panels. DEWA is implementing other projects at the Solar Park with a total of 1,233MW using PV and Concentrated Solar Power (CSP).

Saeed Mohammed Al Tayer, MD and CEO of DEWA, said, "We work in line with the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to provide an advanced infrastructure that contributes to consolidating Dubai’s position as a preferred destination for living, working, investing, and visiting. It also meets the growing demand for electricity and water services according to the highest standards of availability, reliability, efficiency, and quality. DEWA has outlined expansion plans for the energy and water infrastructure based on demand forecasts until 2031. We will continue to implement pioneering projects to diversify Dubai’s clean and renewable energy sources to include all available technologies in Dubai to achieve the wise leadership’s vision for a brighter and more sustainable future for generations to come."

Al Tayer noted that the clean energy share in Dubai’s energy mix has reached 11.5 percent and is expected to reach 14 percent by the end of 2022. This supports the Dubai Clean Energy Strategy 2050 and the Dubai Net Zero Carbon Emissions Strategy 2050 to provide 100 percent of Dubai’s total power capacity from clean energy sources by 2050.

The current production capacity of the Hassyan Power Complex has reached 1,800MW, using the IPP model. A further 600MW will be added in 2023. This will raise the capacity of the Complex to 2,400MW. The Hassyan Power Complex, which runs on natural gas, adds to the Jebel Ali Power Plant and Water Desalination Complex, which is one of the key pillars to providing Dubai with electricity and water services according to the highest standards of reliability, efficiency, and quality. Jebel Ali has a total production capacity of 9,547MW of electricity.

(WAM) -

The Sea Customs Centres Management, one of Dubai Customs’ departments, carried out 61,852 inspections and 120 seizures in the first quarter of 2022. In 2021, the Management carried out 150,541 inspections and 248 seizures.

"We upgraded and developed our inspection systems in our customs centres to achieve the best results in confronting attempts to smuggle prohibited goods," said Rashid Al Suwaidi, Acting Director of Sea Customs Centres Management. "The management has shown noticeable success in preventing the entry of these goods into the country by raising the readiness of the affiliated centers and enhancing their capabilities in terms of protecting society thanks to the efforts of the customs inspection officers who are always vigilant."

He noted that the smart scanning systems developed by Dubai Customs, most notably the advanced container inspection system, have achieved great success in identifying suspicious shipments.

The system has a capacity of 900 containers per hour. It alerts the inspectors to the possibility of risks in suspicious shipments by clarifying the level of density in the materials transported within the containers. Inspection operations are aided by the sniffer dog (K9) units.

Al Suwaidi added, "Our inspectors join advanced workshops and programmes to learn about the latest inspection methods and techniques and effectively curb any smuggling attempts relying on the most advanced AI technologies."

(WAM) -- Humaid Mohammed bin Salem, Secretary-General of the Federation of UAE Chambers of Commerce and Industry (FCCI), and Maria Camilleri Calleja, Ambassador of Malta to the UAE, have met to discuss the preparations for the visit of the Maltese trade mission to the country in mid-September.

The visit aims to seize investment opportunities in the UAE and Malta and strengthen cooperation and trade and investment partnerships across the private sector.

During the meeting, Bin Salem underscored the importance of implement the provisions of the Memorandum of Understanding signed between the FCCI and the Malta Chamber of Commerce, Enterprise and Industry last January and broadening the horizons of partnerships with the private sector, expressing the FCCI's readiness to make the visit a success by developing a joint programme in coordination with all member chambers in the UAE.

For her part, the Maltese Ambassador lauded the UAE-Malta relations, and highlighted the objectives of the Maltese trade delegation's visit, which include learning about the advantages and incentives that the UAE offers to attract investments across industrial innovation and advanced technology. She also called on UAE-based private entities to explore partnership opportunities in these sectors with their Maltese counterparts.

# Brokerage Firm
EGP Value
Traded
% of
Total
Volume
Traded
# of
Trades
1 Financial Brokerage Group 6,252,153,306 18.6% 724,071,612 57,809
2 Arabeya Online Securities 2,276,288,394 6.8% 1,007,303,778 54,268
3 Hermes Securities Brokerage 2,127,227,657 6.3% 1,129,204,148 77,956
4 Commercial International Brokerage company (CIBC) 2,000,941,092 6.0% 550,096,841 51,881
5 Naeem Brokerage 1,541,466,889 4.6% 494,226,955 42,143
6 Mubasher International For Securities 1,341,159,760 4.0% 1,114,870,796 86,494
7 Arqaam Securities Brokerage 1,188,605,498 3.5% 147,414,156 40,196
8 AL Ahly Pharos Securities Brokerage 1,149,287,903 3.4% 342,373,612 23,100
9 Prime Securities Brokerage 1,066,776,269 3.2% 236,378,875 18,662
10 Pioneers Securities 997,007,379 3.0% 868,049,633 58,181
11 HC Brokerage(S.A.E) 921,440,351 2.7% 159,229,708 14,664
12 Beltone Securities Brokerage 874,066,312 2.6% 205,323,220 21,817
13 Sigma Securities Brokerage 612,650,590 1.8% 465,512,744 36,044
14 Tycoon Securities 551,444,074 1.6% 646,674,028 46,319
15 OSTOUL Securities Brokerage and Bond Trading 514,301,174 1.5% 481,546,175 37,320
16 Helwan Brokerage Co. 423,171,977 1.3% 419,498,184 38,633
17 Mirage Brokerage 420,669,539 1.3% 458,064,286 39,382
18 Arab African International Securities 400,285,362 1.2% 259,989,063 12,319
19 MEDCAP Securities 393,163,087 1.2% 8,498,486 990
20 Egyptian Arabian Company(Themar) 387,258,868 1.2% 376,406,921 26,472
21 Cairo Capital Securities 382,651,477 1.1% 334,431,485 17,561
22 Horizon Securities Brokerage Company 351,660,710 1.0% 258,035,460 16,892
23 Osool E.S.B for Securities Brokerage 275,979,061 0.8% 207,711,607 13,451
24 Grand Investment Securities 264,309,617 0.8% 41,467,648 2,428
25 Al Ahram Securities Brokerage 258,982,239 0.8% 66,554,791 8,819
26 Vantage for securities Brokerage 257,531,907 0.8% 273,716,149 16,368

# Brokerage Firm
EGP Value
Traded
% of
Total
Volume
Traded
# of
Trades
1 Commercial International Brokerage company (CIBC) 64,233,674,694 19.0% 7,092,894,247 400,051
2 Financial Brokerage Group 48,942,116,027 14.5% 4,072,589,025 372,773
3 AL Ahly Pharos Securities Brokerage 41,486,939,933 12.3% 3,831,500,188 159,303
4 Hermes Securities Brokerage 24,117,630,370 7.1% 6,009,991,778 522,068
5 Arqaam Securities Brokerage 15,676,050,278 4.6% 1,283,389,978 290,184
6 Beltone Securities Brokerage 12,039,791,936 3.6% 2,252,614,198 165,737
7 Cairo Capital Securities 9,218,421,453 2.7% 1,771,882,076 115,269
8 Mubasher International For Securities 9,138,662,443 2.7% 5,410,271,588 562,228
9 Naeem Brokerage 8,205,831,634 2.4% 2,533,979,870 273,365
10 Pioneers Securities 7,503,830,390 2.2% 4,256,073,415 388,129
11 Arabeya Online Securities 6,656,906,407 2.0% 3,639,515,027 324,045
12 Prime Securities Brokerage 5,222,956,711 1.5% 1,351,739,240 125,713
13 Sigma Securities Brokerage 4,955,238,490 1.5% 2,353,621,259 234,798
14 HC Brokerage(S.A.E) 4,810,019,685 1.4% 693,000,463 91,303
15 Tycoon Securities 4,151,897,988 1.2% 3,148,564,439 302,509
16 Arab African International Securities 3,655,599,317 1.1% 1,428,733,918 92,723
17 Mirage Brokerage 2,998,399,812 0.9% 2,333,763,342 244,354
18 Helwan Brokerage Co. 2,979,738,870 0.9% 1,919,489,291 245,554
19 OSTOUL Securities Brokerage and Bond Trading 2,851,074,682 0.8% 1,968,412,264 199,727
20 Egyptian Arabian Company(Themar) 2,754,453,827 0.8% 1,843,042,336 165,864
21 Horizon Securities Brokerage Company 2,607,651,988 0.8% 1,324,795,850 100,396
22 Blom Egypt Securities 1,962,640,026 0.6% 773,939,814 60,940
23 Newbrent Securities Brokerage 1,861,662,642 0.6% 1,086,062,832 114,273
24 Al Rowad for Securities Brokerage 1,838,299,219 0.5% 384,138,941 17,817
25 Vantage for securities Brokerage 1,496,509,840 0.4% 947,789,927 79,049
26 ROAYA ONLINE 1,455,226,027 0.4% 1,146,204,889 89,616
27 HD Securities 1,451,154,481 0.4% 277,475,577 28,750

Insider Trading Executions: Trading Session 29/06/2022
Company Name: MM Group Industrial & International
Trade (In Kind)
Position: Related Partie
Transaction: buy
Number of Shares: 1650000

EGX 30 index closed at 9,225.61 points, recording a decline of 17.91%. EGX70 EWI
index posted 9.9% loss concluding the period at 1,721.22 points, while S&P index
declined by 15.79% and concluded the period at 1,525.04 points.
EGX 30 index capped declined by 17.49% and concluded at 11,312.86 points, while
EGX 100 EWI index declined by 11.96% and concluded the period at 2,547.67 points.

Total market capitalization reached EGP 621.9 billion at end of period, representing
a decrease of 14.39% over the period, as presented in the below table.
The below pie chart represents the market capitalization breakdown of listed stocks
per sector.

Insider Trading Executions: Trading Session 29/06/2022
Company Name: Nozha International Hospital
Position: Major Shareholder
Transaction: buy
Number of Shares: 2468

Insider Trading Executions: Trading Session 29/06/2022
Company Name: Aspire Capital Holding for Financial
Investments
Position: Related Partie
Transaction: buy
Number of Shares: 23000

Insider Trading Executions: Trading Session 29/06/2022
Company Name: El Orouba Securities Brokerage
Position: Board of Directors
Transaction: sell
Number of Shares: 250000

EGX 30 index closed at 9,225.61 points, recording a decline of 9.11%. EGX70 EWI
index posted 1.33% loss concluding the period at 1,721.22 points, while S&P index
declined by 6.72% and concluded the period at 1,525.04 points.

EGX 30 index capped declined by 8.99% and concluded at 11,312.86 points, while
EGX 100 EWI index declined by 2.83% and concluded the period at 2,547.67 points.


Total market capitalization reached EGP 621.9 billion at end of period, representing
a decrease of 6.6% over the period, as presented in the below table.
The below pie chart represents the market capitalization breakdown of listed stocks
per sector.

The total value traded recorded EGP 55.3 billion, while the total volume traded
reached 8,060 million securities executed over 631 thousand transactions this
month.
For the last month, the total value traded recorded EGP 48.3 billion, while the total
volume traded reached 6,281 million securities executed over 577 thousand
transactions.
Stocks trading accounted for 25.49% of the total value traded of the main market,
while the remaining 74.51% were captured by bonds over the month.
Date

Insider Trading Executions: Trading Session 29/06/2022
Company Name: Suez Canal Bank
Position: bank management
Transaction: buy
Number of Shares: 300

Insider Trading Executions: Trading Session 29/06/2022
Company Name: Gadwa For Industrial Development
Position: Board of Directors
Transaction: buy
Number of Shares: 48500

Insider Trading Executions: Trading Session 29/06/2022
Company Name: El ezz steel
Position: Related Partie
Transaction: buy
Number of Shares: 25000

Insider Trading Executions: Trading Session 29/06/2022
Company Name: Pioneers Properties For Urban
Development(PREDCO)
Position: Board of Directors
Transaction: buy
Number of Shares: 65000

Insider Trading Executions: Trading Session 29/06/2022
Company Name: Mansourah Poultry
Position: Related Partie
Transaction: sell
Number of Shares: 100000

EGX 30 index closed at 9,225.61 points, recording a decline of 2.27%. EGX70 EWI
index posted 3.24% loss concluding the period at 1,721.22 points, while S&P index
declined by 3.36% and concluded the period at 1,525.04 points.

EGX 30 index capped declined by 2.89% and concluded at 11,312.86 points, while
EGX 100 EWI index declined by 3.11% and concluded the period at 2,547.67 points.


Total market capitalization reached EGP 621.9 billion at end of period, representing
a decrease of 2.11% over the period, as presented in the below table.
The below pie chart represents the market capitalization breakdown of listed stocks
per sector.

Company Name : Port Saied for Agricultural Development and Construction
ISIN Code : EGS521T1C016
Reuters Code : PSAD.CA
Content :
Release from the company concerning the Semi-Annual Disclosure Form for the use of the capital increase proceeds.

The Release (501 KB)

Company Name : Engineering Industries (ICON)
ISIN Code : EGS3F021C017
Reuters Code : ENGC.CA
Content :
Referring to the announcement published on the trading screens on 19/06/2022, concerning the reasons of delaying the financial statements for the financial year ended on 31/03/2022, a supplementary release was received from the company.

The Release (569 KB)

Company Name : El Orouba Securities Brokerage
ISIN Code : EGS681I1C015
Reuters Code : EOSB.CA
Content :
Release regarding a Disclosure Form according to the Article 29 of EGX Listing Rules.


The Release (216 KB)

Company Name : Extracted Oils
ISIN Code : EGS38251C012
Reuters Code : ZEOT.CA
Content :
Release from the company concerning the letter received from Holding Company for Food Industries appointing Mr. Amr Abdel Hamid Sadek as its representative instead of Mr. Hatem Mohamed Mahmoud as a member of the company's Board of Directors.

The Release (483 KB)

Al Fanar for Contracting, Construction, Trade, Import, and Export Company (FNAR) has signed a contract worth EGP 60.255 million to carry out drilling and bridging works at the Silversands North Coast project, according to a statement filed to the Egyptian Exchange (EGX) on July 3rd.

The contract has been signed on June 29th, the company added.

Al Fanar is an Egypt-based company, operating within general contracting, construction, trade, import, and export, in addition to, land reclamation and land division.

Company Name : Misr National Steel - Ataqa
ISIN Code : EGS3D0C1C018
Reuters Code : ATQA.CA
Content :
EGM minutes after certification
Assembly Date : 27/06/2022

EGM Minutes (506 KB)

Iron and Steel for Mines and Quarries (ISMQ) has extended the period of letter of credit (LC) for Ukraine's Vazhmash until September 30th due to the ongoing Russian-Ukrainian war, according to a statement filed to the Egyptian Exchange (EGX) on July 3rd.

This comes in line with the company’s deal signed with Vazhmash to complete the semi-industrial unit at an estimated cost of $657,000.

Once complete, a concentrate ore plant will be established in Bahariya Oasis at an estimated cost of $35 million.

In September 2020, the board of directors of Metallurgical Industries Holding had agreed to commence the construction of the semi-industrial unit, with the Ukrainian company and ISMQ handling 30% and 70% of the implementation, respectively.

The holding company also approved to finance the project in case ISMQ was not capable and a sum of $500,000 was already transferred to ISMQ to cover the LC in favor of Vazhmash.

Company Name : Sabaa International Company For Pharmaceutical and Chemical
ISIN Code : EGS382M1C011
Reuters Code : SIPC.CA
Content :
AGM and EGM minutes after certification
Assembly Date : 24/05/2022

AGM & EGM Minutes (5,328 KB)

Company Name : Arabian Rocks Plastic Industries
ISIN Code : EGS3J2D1C012
Reuters Code : ARPI.CA
Content :
AGM and EGM minutes before certification
Assembly Date : 29/06/2022

AGM Minutes (1,372 KB)
EGM Minutes (2,676 KB)

Company Name : Union Pharmacist Company For Medical Services and Investment
ISIN Code : EGS3I1D1C015
Reuters Code : UPMS.CA
Content :
Release from the company concerning the Board of Directors & the Executive Managers.


The Release (790 KB)

Company Name : South Cairo & Giza Mills & Bakeries
ISIN Code : EGS30411C010
Reuters Code : SCFM.CA
Content :
The decision of the company's Board of Directors by passing in its session held on 03/07/2022

The Decision (228 KB)

Company Name : Electro Cable Egypt
ISIN Code : EGS3G231C011
Reuters Code : ELEC.CA
Content :
A statement from the company regarding the purchase of treasury stocks on 29/06/2022 trading session


The Release (292 KB)

EFG Capital Partners III L.P. has purchased a 2.94% stake or 12.36 million shares in Maridive and Oil Services (MOIL) at a total value of $940,000, equivalent to $0.076 per share, according to a filing to the Egyptian Exchange (EGX) on July 3rd.

As a result, the company has raised its stake in Maridive and Oil Services to 8.26% from 5.32%.

The transaction has been conducted by Financial Brokerage Group.

Maridive Group is an Egypt-based company engaged in the provision of offshore marine and oil support services in the Middle East and North Africa Region.

Company Name : Misr Kuwait Investment & Trading Co.
ISIN Code : EGS659O1C015
Reuters Code : MKIT.CA
Content :
The company sent its Disclosure Form for the BoD & the shareholders' structure for the period ended 30/06/2022, according to Article 30 of the Listing Rules.

The Disclosure Form (1,144 KB)

Company Name : Asec Company for Mining "ASCOM"
ISIN Code : EGS10001C013
Reuters Code : ASCM.CA
Content :
AGM minutes before certification
Assembly Date : 26/06/2022

AGM Minutes (549 KB)

The board of directors of Madinet Nasr Housing and Development (MNHD) approved to sign the final contracts for the acquisition of MINKA Developments and EGYCAN Properties at a value of EGP 200 million, according to a statement filed to the Egyptian Exchange (EGX) on July 3rd.

The signing of the final contract will be subject to updating the report conducted by the independent financial advisor (IFA) and setting the fair value (FV) of both companies.

In December 2021, the ordinary general meeting (OGM) of MNHD had approved the acquisition of MINKA Developments and EGYCAN Properties as the total FV of both companies was set by the IFA at around EGP 232 million.

MNHD is an Egypt-based real estate development company that is engaged in activities related to the development of land, buildings, and facilities, including the acquisition of lands as well as real estate sales and rentals.

Company Name : National Drilling
ISIN Code : EGS735N2C012
Reuters Code : NDRL.CA.
Content :
The company sent its Disclosure Form for the BoD & the shareholders' structure for the period ended 30/06/2022 according to Article 30 of the Listing Rules.

The Disclosure Form (257 KB)

Amazon Egypt has launched installment plans through valU, a subsidiary of EFG Hermes Holding (HRHO), according to an emailed press release on July 3rd.

The new service will enable customers of both Amazon Egypt and valU to choose their favorable payment method and installment plan on amazon.eg.

The installment plans will range from six to 60 months, without any down payment.

The buy-now pay-later solutions offered by valU are part of Amazon’s customer-oriented approach to provide customers with a seamless hassle-free shopping experience.

Customers are now able to purchase from a wide range of quality products from local and international brands at good value for money, along with swift reliable delivery.

“With the thriving fintech sector in Egypt, we will continue to come up with localized, simple, affordable, and trusted payment services, including Buy-Now, Pay-Later with valU, to ensure our customers enjoy shopping on Amazon,” Managing Director of Amazon Payment Services Peter George commented.

For his part, CEO of valU Walid Hassouna, said: “valU allows customers the flexibility to make purchases without having to deplete their cash reserves and makes it easier for them to accommodate unplanned but needed purchases into their budget. By taking advantage of deferred payment methods, customers have more freedom to spend without the fear of feeling squeezed financially.”

Established in 2017, valU is the first-of-its-kind buy-now-pay-later (BNPL) fintech platform in the Middle East and North Africa (MENA) region, offering a wide range of plans, with more than 5,000 points of sale and over 300 websites.

The ordinary general meeting (OGM) of Juhayna Food Industries (JUFO) has approved the cash dividends payment proposal for the full year ended December 31st 2021, according to a statement filed to the Egyptian Exchange (EGX) on July 3rd.

Accordingly, the company will distribute dividends of EGP 0.35 per share to shareholders for 2021 earnings.

It is worth noting that Juhayna reported a 22.8% YoY growth in consolidated profit attributable to the parent company for 2021, recording EGP 526.197 million, as compared to EGP 428.376 million in 2020.

Founded in 1983, Juhayna is an Egypt-based company specialized in the production, processing, and packaging of dairy, juice, and cooking products.

AD Ports Group has agreed to acquire a 70% stake in Egypt’s International Associated Cargo Carrier (IACC) for consideration of AED 514 million, the Abu Dhabi Government Media Office announced in a press release on July 1st.

The value of the deal will be funded by AD Ports’ cash reserves which amount to over AED 3 billion as of March 31st.

KPMG LG has served as the financial advisor, PwC as the commercial advisor, and Matouk Bassiouny and Hennawy as the legal advisor on the deal to AD Ports Group.

EFG Hermes Holding (HRHO) has acted as the exclusive financial advisor and White & Case as the legal advisor on the transaction to Transmar and TCI.

“This acquisition will support our wider growth targets for North Africa and the Gulf region and broaden the portfolio of services we are able to offer in those markets,” Chairman of AD Ports Falah Mohammed Al Ahbabi commented.

“Egypt and the Red Sea coast are increasingly important parts of our global maritime offering, and we believe we are well-placed, thanks to the guidance and continuous support of our wise leadership, to boost trade and economic growth for customers and communities along these routes,” Managing Director and Group CEO of AD Ports Mohamed Juma Al Shamisi said.

It is worth noting that IACC fully owns two Egyptian maritime companies; Transmar International Shipping Company and Transcargo International (TCI).

Transmar is a regional container shipping company operating across the Middle East, Red Sea, Arabian Gulf, and Eastern Coast of Africa. TCI is a terminal operator and stevedoring company, mainly operating out of the Adabiya Port.

Trading value for Sunday 03/07/2022 reached JD(15.2) million. (9.0) million shares were traded through (5,251).

The shares price index closed at (2528.18) point, an increase of (2.11%)

The shares of (91) companies were traded, the shares prices of (35) companies rose, and the shares prices of (32) declined.

At the sector level, the Services index increased by 3.90%, the Financial index increased by 1.46%, and the Industrial index increased by 1.20%.

As for sub sector indices, the Utilities and Energy, Banks, Mining and Extraction Industries, Technology and Communication, Pharmaceutical and Medical Industries, Educational Services, Diversified Financial Services, Insurance sectors increased by 6.92%, 1.73%, 1.56%, 0.94%, 0.62%, 0.29%, 0.28%, 0.13% respectively. While the Electrical Industries, Tobacco and Cigarettes, Commercial Services, Food and Beverages, Engineering and Construction, Real Estate, Transportation, Hotels and Tourism, Chemical Industries sectors decreased by 2.04%, 1.00%, 0.80%, 0.66%, 0.60%, 0.45%, 0.44%, 0.09%, 0.07% respectively.

The top five gainers were, the Afaq For Energy Co. P.l.c by (7.47%), Jordan Electric Power by (7.38%), Arab Bank by (7.22%), Jordan Petroleum Refinery by (7.05%), and Darat Jordan Holdings by (6.56%).

The top five losers were, Nopar For Trading And Investment by (4.93%), Contempro For Housing Projects by (4.88%), Nutri Dar by (4.76%), Jordan Dairy by (4.76%), and Shira Real Estate Development & Investments by (4.76%).

Company Name : Arabian Food Industries DOMTY
ISIN Code : EGS30031C016
Reuters Code : DOMT.CA
Content :
FRA decided to resume trading on the company effective 03/07/2022 trading session at 01:55 PM, as FRA sent a statement regarding a tender offer on the company's shares

Company Name : Arabian Food Industries DOMTY
ISIN Code : EGS30031C016
Reuters Code : DOMT.CA
Content :
FRA decided to resume trading on the company effective 03/07/2022 trading session at 01:55 PM, as FRA sent a statement regarding a tender offer on the company's shares

FRA Release (225 KB)

Arab Land Direct Mutual Fund (ALMF.CA) = EGP 1342.49