Egypt OIL & GAS-


The Energy and Environment Committee of Egypt’s House of Representatives, chaired by Tarek El Molla, has approved a government-drafted law authorizing the Minister of Petroleum and Mineral Resources to conclude an exploration and production (E&P) agreement between the Egyptian Natural Gas Holding Company (EGAS) and Cheiron for the East Alexandria Offshore block in the Mediterranean Sea, El Mal Newspaper reported.

Under the proposed production sharing agreement (PSA), EGAS will receive a non-refundable signature bonus of $1 million. The agreement also requires the contractor to commit a minimum investment of $42.2 million, including the drilling of three exploration wells and the reprocessing of seismic data to support the discovery of new natural gas and crude oil reserves.

The agreement sets a cost recovery ceiling of 40%, while EGAS’ share of profit oil and gas will range between 64% and 70%, depending on production levels and Brent crude prices. The fiscal terms are designed to strike a balance between attracting foreign investment and maximizing economic returns for the state.

According to the explanatory memorandum accompanying the draft law, the East Alexandria Offshore block was offered as part of an international bid round launched by EGAS. Cheiron submitted the winning bid, which was approved by EGAS’ technical committees after being deemed to offer strong economic value and the highest return to the state.

The explanatory memorandum noted that the agreement has completed all required legal and regulatory procedures, including approvals from the Armed Forces Operations Authority at the Ministry of Defence and the Board of Directors of EGAS. The draft law will now proceed through the remaining legislative procedures before the agreement can enter into force.

In July 2026, the Egyptian Cabinet approved four draft petroleum agreements with international companies, involving minimum investments of $52.97 million and the drilling of at least six exploration wells, as part of the government’s strategy to expand exploration activities and attract new investments to the upstream secto

Egypt OIL & GAS-

Gulf of Suez Petroleum Company (GUPCO), the joint venture (JV) between the Egyptian General Petroleum Corporation (EGPC) and the UAE’s Dragon Oil, has raised its crude oil production to 71,250 barrels per day (bbl/d), marking the company’s highest output level since July 2019.

This reflects the positive impact of the Ministry of Petroleum and Mineral Resources (MoPMR)’s success in settling investment partners’ dues, which has helped restore production levels as part of its strategy to support domestic output through intensified drilling, exploration, and field development activities, the ministry said in a statement.

The accelerated development of the North Safa offshore field in the Gulf of Suez contributed to this increase, following the start of production from well “SB293-9,” which raised the field’s total output to more than 18,000 bbl/d. Development works included the construction of a new offshore platform, the laying of tie-in pipelines, and upgrades to the production system.

GUPCO also succeeded in commissioning a new turbine compressor at the M36 station in Phase Four, helping to enhance the efficiency of existing wells and boost their productivity.

In parallel, the company continued its successful exploration activities by drilling the Northeast Ramadan Crystal (NER-1X) exploratory well from the Al-Fanar offshore platform, thereby strengthening prospects for sustained production growth.

These results reflect the success of the partnership between the EGPC and Dragon Oil in turning new projects and discoveries into actual production, supporting the launch of more ambitious drilling, development, and exploration programs in the Gulf of Suez region.

Earlier in July, GUPCO announced the entry of the second phase of the North Safa field development project into service. The North Safa field development project remains a major initiative to increase crude oil production, with total investments across its two phases reaching approximately $170 million.

Egypt OIL & GAS-

Maridive & Oil Services reported a rise in its consolidated operating revenues amounting to $66.31 million during the first quarter (Q1) of 2026, up from $60.47 million in Q1 2025, according to the company’s consolidated financial disclosure to the EGX.

The Egyptian company also recorded an increase in its net profit reaching $23.24 million in Q1 2026, up from $18.004 million in Q1 2025.

For its standalone results, Maridive reported a 13% year-on-year (YoY) rise in revenues to $20.64 million and a profit in Q1 2026. The company also recorded a net profit after tax of $1.89 million for the quarter, compared with a net loss of $23.96 million in the same period last year.

Founded in 1978 in Port Said, Maridive provides a wide range of services for the oil and gas industry, including offshore vessel operations, diving, subsea construction, maintenance, transportation, and logistics.

Through subsidiaries such as Maridive Offshore Projects (MOP), Maritide, and Ocean Marine, Maridive has expanded its portfolio and regional footprint, operating a fleet of more than 60 marine units across the Mediterranean, Red Sea, Africa, the Caspian Sea, and Latin America.

Egypt OIL & GAS-

Khalda Petroleum has started production from the newly discovered Wanda deep natural gas exploration well in Egypt’s Western Desert at an initial rate of 40 million cubic feet per day (mmcf/d). Natural gas flow from the well commenced on June 21, with full tie-in to the national natural gas grid scheduled before the end of July, according to a statement by the Cabinet.

Drilled to a depth of 15,000 feet, electrical logging at the Wanda well indicated positive natural gas-bearing structures. Subsequent production testing confirmed commercial output at 40 mmcf/d. To expedite development, Khalda Petroleum constructed a 10-kilometer (km) production pipeline at an investment of $2.3 million, linking the well directly to existing infrastructure.

The discovery advances the Ministry of Petroleum and Mineral Resources’ (MoPMR) strategy to boost domestic hydrocarbon production and fast-track the development of new discoveries. It also reinforces ongoing exploration efforts in the Western Desert and strengthens Egypt’s domestic natural gas supply.

Khalda Petroleum operates as a joint venture between the Egyptian General Petroleum Corporation (EGPC) and US-based Apache Corporation. The Wanda discovery builds on Khalda Petroleum’s recent operational progress in the Western Desert, where the company added more than 10,000 barrels per day (bbl/d) of crude oil and condensates in June 2026.

Egypt OIL & GAS-


The recent settlement of overdue payments owed to international oil companies (IOCs) marks a significant positive indicator for Egypt’s medium-term economic outlook, according to Standard Chartered’s July 2026 report.

The bank noted that the repayment comes alongside investment commitments exceeding $6 billion in oil and gas exploration and production (E&P) activities, a development expected to support injecting more investments into the energy sector and support higher domestic production.

Egypt has accelerated payments of all overdue debts to IOCs over the past two years under a regular monthly schedule. The country’s arrears stood at about $6.1 billion in June 2024, before declining to $1.3 billion by December 2025. The balance fell further to $770 million in April 2026, then to $440 million in May 2026, before being fully cleared in June 2026.

Standard Chartered is a global bank specializing in corporate and investment banking, wealth management, and treasury services. It operates globally, with a strong focus on Asia, Africa, and the Middle East, connecting institutional, corporate, and affluent clients to sustainable growth opportunities.

Egypt OIL & GAS-

Prime Minister Mostafa Madbouly announced that Egypt is proactively strengthening its energy security by increasing strategic reserves of petroleum products and other essential commodities, according to a statement released by the Cabinet.

These measures aim to protect the economy from disruptions caused by ongoing regional tensions, which are impacting shipping corridors—especially those critical to fossil fuel transit.

This precaution underscores Egypt’s commitment to ensuring fuel availability and maintaining economic stability.

The meeting also emphasized Egypt’s efforts to enhance economic cooperation and establish partnerships in sectors such as energy, electricity, renewable energy, transport, and infrastructure.

These actions aim to deepen international cooperation while bolstering domestic energy security through higher fuel reserves and diversified partnerships.

The Cabinet emphasized Egypt’s dual focus on strengthening regional economic ties and safeguarding its oil and gas supply, identifying expanded petroleum inventories as a key response to growing geopolitical uncertainty.

Egypt relies heavily on regional pipeline imports, making its energy grid vulnerable to sudden supply interruptions triggered by neighboring geopolitical flare-ups. Domestically, declining production in key gas fields, coupled with surging electricity demand during summer heatwaves, is straining the national power grid.

In addition to the energy-focused measures, the Cabinet approved recommendations from the State-Owned Enterprises Unit, which include establishing seven new companies and increasing equity contributions to several existing firms.

One notable approval involved the Egyptian Mineral Resources Authority (EMRA), whose investment arm (the Mineral Resources & Mining Industries Authority) has been cleared to establish a new Egyptian joint-stock entity, the Nile Ferchem for Phosphate Fertilizers Company.

Egypt OIL & GAS-


The Egyptian Mineral Resources and Mining Industries Authority (MRMIA), the New Valley for Mineral Resources and Oil Clay (WADICO), and Elsewedy Capital Holding for Investments signed a shareholders’ agreement to establish a company to develop, construct, manage, and operate an integrated phosphate fertilizer production plant in Ain Sokhna.

The signing took place in the presence of Karim Badawi, Minister of Petroleum and Mineral Resources, and Ahmed Elsewedy, Chairman of Elsewedy Capital Holding for Investments. The agreement comes in Implementation of the Ministry of Petroleum and Mineral Resources’ strategy to maximize the added value of the country’s mineral resources.

Signing the contract were Yasser Ramadan, Chairman of MRMIA; Reda Selim, Chairman and Managing Director of WADICO; and Abdelrahman Elsewedy, CEO of Elsewedy Digital, on behalf of Elsewedy Capital Holding.

The project will produce phosphate fertilizers to meet domestic demand and export the excess, thereby increasing foreign currency revenues, supporting food security, and creating new employment opportunities.

Badawi said Egypt’s mining sector is witnessing legislative and institutional reforms that have enhanced the country’s investment attractiveness. He highlighted the transformation of the Mineral Resources Authority into an economic authority (The Mineral Resources and Mining Industries Authority), granting it greater flexibility to partner with investors and implement major projects.

Egypt, with 2.8 billion tons of phosphate reserves (the world’s third largest), has major deposits in the Red Sea and New Valley regions, including 1 billion tons at Abu Tartour. The government is pursuing value-added processing through large-scale projects such as the Abu Tartour Phosphoric Acid Complex, a 450,000-ton-per-year facility now in its implementation phase, and a $1 billion integrated complex in Ain Sokhna, which will produce 300,000 tons per year each of phosphoric acid and DAP/TSP fertilizers.

Earlier in July, Badawi and Elsewedy discussed the final preparations for the first phase of the integrated phosphate industries complex in Ain Sokhna. The complex, signed in November with total investments of $1 billion, contains three phases. The first phase focuses on the production of phosphoric acid and DAP/TSP fertilizers, each with a capacity of 300,000 tons per year (t/y). The second phase (2029-2031) aims to produce high-purity specialized phosphate chemicals. Meanwhile, in the third phase (2032-2034), the complex targets expanding to new energy materials for the production of electric battery components.

Tadawul-


Element List Explanation
Introduction Saudi Steel Pipe Company announces the award of an order amounting to approximately SAR 92.7 Million for the supply of Oil & Gas Steel Pipes to Saudi Aramco.
Date of Announcement of the Award 2026-07-22 Corresponding to 1448-02-08
Contract Subject Matter Supply of Oil & Gas Steel Pipes to Saudi Aramco.
The Entity with Which the Contract was Signed Saudi Aramco
Date of Signing the Contract 2026-07-22 Corresponding to 1448-02-08
Contract Value Approximately SAR 92.7 Million
Contract Details Purchase order amounting to approximately SAR 92.7 Million for the supply of Oil & Gas coated Steel Pipes to Saudi Aramco.
Contract Duration Up to 10 months
Financial Impact and the Relevant Period The financial impact of this order is expected to materialize in the first half of fiscal year 2027.
Related Parties Not applicable.
Additional Information Not applicable.

Tadawul-


Element List Explanation
Introduction -
Date of the board’s decision 2026-07-22 Corresponding to 1448-02-08
The Total amount distributed 562,500,000 SR
Number of Shares Eligible for Dividends 562,500,000 Shares
Dividend per share 1 SR Per Share
Percentage of Dividend to the Share Par Value (%) 10
Eligibility date 2026-09-06 Corresponding to 1448-03-24
Distribution Date 2026-09-28 Corresponding to 1448-04-17
The name of other official authorities and the details of their non-refusal to the recommendation or decision Not Applicable
Additional Information The eligibility date is on Sunday 24 Rabi Al-Awwal 1448H corresponding to 06 September 2026, The eligibility of Cash dividend will be to Shareholders who own the company shares on the Eligibility date and enrolled in the Company's register at Securities Depository Center Company (Edaa) by the end of the second trading day following the due date.
The company calls upon its Shareholders to quickly update their data and ensure that their bank account numbers are linked to their investment portfolios to ensure that their dividend are deposited in their accounts with the banks on the distribution day.

The company would like to draw the attention of non-resident investors, the dividend paid by the Company is subject to a withholding tax of 5% upon transfer to non-resident investors or credited to their bank accounts according to the provisions of Article (68) of the Income Tax Law and Article (63) of its Implementing Regulations.

Accordingly, the company emphasize to non-resident investors who have tax exemptions on dividends issued by the Zakat, Tax and Customs Authority, to communicate with the company within 5 five calendar days from the eligibility date and to provide the company with documents supporting tax exemption.

For more inquiries, please contact Investor Relations Department at:

Yanbu National Petrochemical Company (YANSAB) P.O.Box 31396 Yanbu Industrial City 41912, Fax Number 014-3259509 or Phone Number 014-3259514 or through E-Mail Shares@Yansab.sabic.com

Tadawul-


Element List Explanation
Date of the Award 2026-07-22 Corresponding to 1448-02-08
Counterparty Saudi Standards, Metrology and Quality Organization (SASO)
Contract Value The company's expected revenue during the term of the contract is approximately 15% of the company's total revenues, according to the audited annual financial statements for the fiscal year 2025.
It is worth noting that the contract is a revenue-sharing contract, and its value is linked to the number of transactions executed, and the contract does not include a fixed total amount.

Contract Details Developing and operating the product safety system for regulated products of the Saudi Standards, Metrology and Quality Organization (SASO), which includes the development of an integrated digital platform that forms the technical infrastructure of the system, along with the execution of other operational tasks. It is also worth noting that the contract duration will be five years.
Related Parties NA
Additional Information There is no legal or financial obligation towards the company during this stage unless the contract is signed, and the company will announce any material developments in this regard in accordance with the relevant rules and regulations.

Tadawul-


Element List Explanation
Introduction Further to Arabian Cement Company’s announcement published on Tadawul website dated 09-07-1447H corresponding to 29-12-2025 regarding signing shares swap agreement by its subsidiary, the company would like to declare the following changes in the deal structure:
a) “Arabian Cement Bahrain Holding Company” will sell part of its shareholding interest in “Ready Mix Concrete and Construction Supplies Company” in the Hashemite Kingdom of Jordan amounting to 7,300,000 shares to “Al Hejaz Company for Cement, LLC” (Sister company of Ready Mix Concrete and Construction Supplies Company) at share price of JOD 1.3 and total value JOD 9.5 million (Approximately SAR 50.3 million).

b) “Arabian Cement Bahrain Holding Company” will buy the shareholding interest of “Ready Mix Concrete and Construction Supplies Company” in “Qatrana Cement Company” in the Hashemite Kingdom of Jordan amounting to 6,245,246 shares at share price of JOD 1 and total value JOD 6.2 million (Approximately SAR 33.1 million).

c) “Arabian Cement Bahrain Holding Company” will execute share swap transaction for the remaining balance of its shareholding interest in “Ready Mix Concrete and Construction Supplies Company” amounting to 1,851,666 shares with “Al Rawsha company for trading and investment”, in exchange for “Al Rawsha company for trading and investment” shareholding interest in "Qatrana Cement Company” amounting to 2,272,727 shares.

Previous Announcement Arabian cement company announces signing shares swap agreement by its subsidiary
Date of Previous Announcement on Saudi Exchange’s Website 2025-12-29 Corresponding to 1447-07-09
Hyperlink to the Previous Announcement on the Saudi Exchange Website Click Here
Latest Developments Of The Announced Event The final financial impact will be announced upon the completion of the transaction, and the company would like to confirm that the final expected outcome of the above deal structure will match what was previously declared.
Reasons For The Delay on The Date of The Event Previously Announced Not Applicable
The costs associated with the event, and if they have changed or not with indication of the reasons. Not Applicable
Delay consequences on the Company’s financial results Not Applicable
Additional Information Not Applicable

Tadawul-


Element List Explanation
Introduction With reference to the announcement by Saudi Real Estate Company (“Al Akaria” or the “Company”) regarding the lifting of the restriction on the land owned by the Company and located in Al Aarid District, north of Riyadh, based on the Title Registration Deed issued by the Real Estate Registry. The land has a total area of 30,000 square metres and is situated within the commercial corridor between King Fahd Road and Olaya Road.
The Company would like to clarify that it became aware of the lifting of the restrictions on the Al Aarid land on 13 July 2026

Date of Posting the Previous Announcement of Development on Saudi Exchange’s Website 2026-07-14 Corresponding to 1448-01-29
Hyperlink to the Previous Announcement Click Here
Change on the Development The Company would like to clarify that it became aware of the lifting of the restrictions on the Al Aarid land on 13 July 2026
Financial Impact on the change None

Tadawul-

lement List Explanation
Announcement Detail Further to the announcement made by Digital Research Company (DRC) on the Saudi Stock Exchange website (Tadawul)
30/06/2026 regarding the invitation to attend the Extraordinary General Assembly Meeting (EGM) to be held on Monday 27/07/2026 at7:00 PM in Riyadh by means of modern technology, Digital Research Company (DRC ) wishes to remind its shareholders, who are registered in Tadawulaty, that they can remotely vote on the agenda of the EGM starting on Thursday 23/07/2026 ,1:00 AM, until the end of the EGM.

Please note that registration in Tadawulaty service and voting is provided free of charge for all shareholders through the following link:

http://tadawulaty.com.sa

In the event of any inquiries, please contact the Company’s Investor Relations through the E-mail: IR@drc.net.sa

Telephone: 920003485

Tadawul-


Element List Explanation
Announcement Detail With reference to the announcement by Mohammed Hassan Al-Naqool Sons Company on the Tadawul website on Sunday, January 20, 1448 AH (July 5, 2026), regarding the invitation to its shareholders to attend the Extraordinary General Assembly Meeting (First Meeting), scheduled to be held, God willing, at 7:00 PM on Monday, July 27, 2026, via modern technology.
Mohammed Hassan Al-Naqool Sons Company would like to remind its valued shareholders registered with Tadawulaty services to vote electronically remotely on the items of the General Assembly's agenda, starting at 1:00 AM on Thursday, July 23, 2026, until the end of the meeting. Registration and voting through Tadawulaty services will be available free of charge to all shareholders using the following link:

(www.tadawulaty.com.sa)

A detailed explanation of the electronic voting process is attached.

Shareholders can submit questions and inquiries regarding the association by contacting the Shareholder Relations Department during official working hours via the phone number and email address below:

Phone: 8001010990

Email: alnaqool@alnaqool.com

May God grant us success.

Tadawul-


Element List Explanation
Announcement Detail Keir International Company announces that, on 21/07/2026, it received two letters of consent from Irad Holding Company, one of the Company's major shareholders, and Mr. Mohammed bin Ali Al-Dhalaan, confirming their approval to use part of their outstanding receivables from the Company in connection with any future action the Company may undertake to restructure its capital through the conversion of debt into shares, in support of the Company's financial position, subject to the completion of all required regulatory procedures and the obtaining of the necessary approvals.
The letter from Irad Holding Company includes its approval to make the outstanding receivables due to it and its subsidiary, Modern Generation for Operation Systems Company, from the Company as of 30/06/2026, totaling SAR 18,250,325, available for use in connection with any future action the Company may undertake to restructure its capital through the conversion of debt into shares, in accordance with the applicable regulatory procedures and after obtaining the approvals of the competent authorities and the Extraordinary General Assembly, where required.

The letter from Mr. Mohammed bin Ali Al-Dhalaan also includes his approval to use SAR 10,000,000 of his outstanding receivables from the Company as of 30/06/2026 in connection with any future action the Company may undertake to restructure its capital through the conversion of debt into shares, in accordance with the applicable regulatory procedures and after obtaining the approvals of the competent authorities and the Extraordinary General Assembly, where required.

There is no financial impact at the present time, as the two letters of consent constitute preliminary approvals subject to the completion of all required regulatory procedures and the receipt of the relevant approvals.

Related Parties: Mr. Mohammed bin Ali Al-Dhalaan.

Irad Holding Company (one of the Company's major shareholders).

This development comes as part of the Company's efforts to evaluate appropriate alternatives for restructuring its capital and strengthening its financial position, including the proposed conversion of certain outstanding debts into newly issued shares, following the completion of the necessary studies and receipt of the required regulatory approvals. The Company will disclose any material developments in due course in accordance with the applicable laws and regulations.