On the sidelines of the International Mining Conference held in Riyadh, Kingdom of Saudi Arabia, Engineer Karim Badawi, Minister of Petroleum and Mineral Resources, took part in the 10th consultative meeting of Arab Ministers of Mineral Resources. The meeting was chaired by Engineer Bandar bin Ibrahim Al-Khorayef, Saudi Minister of Industry and Mineral Resources, with the participation of Arab ministers responsible for mining affairs, and Engineer Adel Al-Saqr, Secretary-General of the Arab Organization for Industrial Development, Standardization, and Mining, which organized the meeting.

In his speech, the Minister emphasized the importance of unifying Arab efforts in mineral exploration and prospecting, and exchanging technical and technological expertise to ensure optimal and sustainable utilization of mineral wealth across Arab countries. He praised the role of the Arab Organization for Industrial Development, Standardization, and Mining in supporting coordination and joint Arab work in the mining industries over the past years.

The Minister affirmed that Egypt is on the right track in developing its mining sector, through transforming the Mineral Resources Authority into an economic authority, which has provided flexibility and speed in procedures and facilitated the issuance of licenses for investors to explore and exploit mineral ores. He added that Egypt will launch its first comprehensive aerial survey for mineral exploration in 40 years during the first quarter of this year, aimed at updating geological data and building a large database to quickly attract Arab and international mining investments.

He stressed the importance of what was raised during the meeting regarding the Arab Mining Guideline System, which supports the creation of a flexible and attractive legislative environment for investment. He explained that Egypt has practically implemented this through the unified mining license system that has been approved, calling for linking the Arab “Future Minerals” platform with Egypt’s upcoming digital mining platform, to ensure smooth flow of data and investment opportunities in Egypt among Arab investors.

The Minister highlighted that the global energy transition places the Arab region before a historic responsibility, noting that Arab countries not only possess mineral resources but also hold the keys to future mining sovereignty. This can be achieved by moving beyond the stage of extracting vital and rare minerals to localizing industries based on them, and working in an integrated manner among Arab countries in mining and mining-related industries, which represent one of the pillars of national and economic security for these countries. He praised the Arab initiative proposed to use artificial intelligence in mining, which reduces exploration costs and lowers investment risks.

Dr. Mahmoud Essmat: Accelerating project implementation, expanding energy storage systems, adding new clean energy capacities, relying on them, and reducing the use of fossil fuels.

As part of the national energy strategy and executive programs to add new generation capacities from solar and wind power, to achieve energy security and diversification, maximize returns from renewable sources, increase reliance on them, reduce dependence on conventional fuels, and lower consumption, while expanding battery storage technologies to secure the grid and ensure stable electricity supply, Dr. Mahmoud Essmat, Minister of Electricity and Renewable Energy, met with Engineer Hassan Al-Amin, Regional Director of Saudi company ACWA Power, and his delegation at the Ministry’s headquarters in the New Administrative Capital. The meeting was attended by Deputy Minister Eng. Sabah Mashaly and Eng. Gaber Desouki, Chairman of the Egyptian Electricity Holding Company, to discuss ways to strengthen cooperation and partnership in supporting and reinforcing the unified electrical grid and to follow up on the progress of joint renewable energy projects.

The meeting discussed mechanisms and requirements to accelerate the execution of renewable energy projects, particularly wind power projects underway in South Hurghada and Zafarana, and reviewed the actual progress of implementation. This is within the framework of the strategy aimed at adding new renewable generation capacities to reduce fuel consumption and carbon emissions. The discussions also addressed how to benefit from advances in energy storage technologies and expand their deployment to maximize the returns from renewable energy, meet rising demand, support the grid, and ensure stable and continuous electricity supply. The meeting also covered projects implemented by ACWA Power in southern Egypt, including Benban and Kom Ombo solar projects, as well as wind generation projects, within the framework of cooperation and partnership between Egypt and Saudi Arabia.

The meeting reviewed the implementation status of the Zafarana wind power project with a total capacity of 1,100 MW, with the first phase of 550 MW to be completed by the end of this year, as well as future projects under the state’s and the ministry’s strategy to expand renewable energy reliance. This includes the South Hurghada wind project with a capacity exceeding 1,500 MW, currently in the final stages of study before execution begins.

Dr. Mahmoud Essmat affirmed the commitment to expand cooperation with the Saudi company and accelerate the execution steps of ongoing projects to increase renewable energy capacities added to the national electricity grid. He explained that both local and foreign private sectors are key partners in renewable energy projects, and the ministry is taking all measures to rely on the private sector to meet the grid’s renewable energy requirements under the adopted energy strategy. Work is being carried out through action plans, executive programs, and timelines for grid integration. He pointed to the state’s strategy aimed at increasing the share of renewable energy in the electricity mix, reducing reliance on fossil fuels, increasing the share of clean energy, and cutting carbon emissions as part of the national energy transition plan.

Dr. Khaled Abdel Ghaffar, Deputy Prime Minister and Minister of Health and Population, chaired the regular meeting of the Ministerial Group for Human Development on Tuesday at the Ministry’s headquarters in the New Administrative Capital.

The meeting was attended by the following members of the ministerial group:

Dr. Ayman Ashour, Minister of Higher Education and Scientific Research

Counselor Adnan El-Fenjary, Minister of Justice

Dr. Osama El-Azhari, Minister of Religious Endowments

Dr. Mohamed Gebran, Minister of Labor

Dr. Ahmed Fouad Henno, Minister of Culture

Mr. Mohamed Abdel Latif, Minister of Education and Technical Education

In addition to the group’s technical secretariat, several deputies, assistants, undersecretaries, and representatives of relevant bodies were present.

Dr. Hossam Abdel Ghaffar, official spokesperson for the Ministry of Health and Population, explained that the meeting reviewed the implementation of recommendations from the previous session, foremost among them the completion of the review of the “Human Development” chapter within the National Narrative.

The meeting included a presentation by the Minister of Higher Education and Scientific Research on the early childhood education system (nurseries and kindergartens) within the framework of the National Strategy for Education and Scientific Research 2030. He outlined Egypt’s current situation compared to other countries, the vision for improvement, and the requirements needed to develop this educational stage.

Dr. Khaled Abdel Ghaffar emphasized the importance of investing in this stage to build the child’s personality and develop personal, social, and cognitive skills. He stressed the need to prepare a practical study with a clear timeframe, in coordination with the relevant ministries and drawing on international experiences.

For his part, the Minister of Labor presented several successful models in training and cooperation, including:

Collaboration with “Ebda Edu,” the training arm of the national “Ebda” initiative, to manage and develop vocational training centers affiliated with the Ministry of Labor.

Cooperation with the Italian Salesian Institute in Cairo and Alexandria, where about 4,000 trainees have been trained so far in 23 different professions.

Partnership with the Egyptian Drilling Company, which has trained about 400 trainees to date.

Cooperation with Badr University to implement conversion training programs for graduates of geography departments into the profession of “general surveyor.”

Collaboration with the Egyptian Federation for Construction and Building Contractors in training and awareness on labor legislation and occupational safety and health requirements.

Cooperation with the Chamber of Ready-Made Garments and Home Textiles at the Federation of Industries, where the ministry provides technical and training support to industrial establishments to raise occupational safety and health standards.

Signing a cooperation protocol on professional testing with Saudi Arabia.

Continuing to issue licenses and accredit new private training centers.

Launching an initiative to train thousands of trainees inside factories and companies across all governorates, aiming to qualify them for the labor market and raise their professional competence.

Dr. Khaled Abdel Ghaffar directed the expansion of trainee numbers, with a focus on training current workers in the labor market, strengthening partnerships with the private sector, and activating the licensing and accreditation of private training centers to ensure governance and the quality of outputs linked to labor market needs.

Dr. Ali El-Ghamrawy, Chairman of the Egyptian Drug Authority, held a meeting with representatives of the Holding Company for Pharmaceuticals, headed by Dr. Ashraf El-Khouly, Managing Director of the Holding Company, and China’s Halo Group, headed by Mr. Huang (John), CEO of the group, in the presence of Dr. Tamer El-Husseiny, Vice Chairman of the Authority.

The meeting discussed several issues related to providing priority biological and pharmaceutical products for Egyptian patients, as well as reviewing the companies’ future plans in the Egyptian market, particularly regarding supporting local manufacturing, expanding production capacities, and increasing investment in the pharmaceutical sector.

Dr. Ali El-Ghamrawy opened the meeting by welcoming the delegation, stressing the Egyptian Drug Authority’s keenness to strengthen cooperation frameworks with industry partners, both local and international, in support of the state’s strategy to localize pharmaceutical industries and achieve self-sufficiency in advanced biological and pharmaceutical products.

The Chairman of the Egyptian Drug Authority emphasized that localizing advanced pharmaceutical industries is one of the main pillars of the Authority’s strategy, given its pivotal role in strengthening national pharmaceutical security. He pointed to the importance of strategic partnerships aimed at transferring modern technology and localizing the production of oncology medicines and biological products, which are considered national priority issues, and are being undertaken by Egypt’s “City of Medicine” as a strategic national project.

Dr. El-Ghamrawy explained that the Egyptian Drug Authority is working to create a supportive and stimulating regulatory environment to attract serious investments and facilitate registration and manufacturing procedures, ensuring the provision of safe, effective, and high-quality medicines for Egyptian patients in line with the highest international standards.

For their part, representatives of the Holding Company for Pharmaceuticals and China’s Halo Group expressed their appreciation for the regulatory and supportive role played by the Egyptian Drug Authority. They affirmed the importance of partnering with Halo Group to transfer advanced pharmaceutical technology to the Egyptian market, thereby supporting local pharmaceutical manufacturing and enhancing the competitiveness of national companies regionally and internationally.

The meeting comes within the framework of the state’s and the Egyptian Drug Authority’s strategic direction to strengthen national pharmaceutical security and meet patients’ needs for complex medicines locally, thereby consolidating Egypt’s position as a leading regional hub for pharmaceutical manufacturing and distribution.

As part of monitoring the work of affiliated companies, Dr. Sherif Farouk, Minister of Supply and Internal Trade, held an extensive meeting with the Board of Directors of the Sugar and Integrated Industries Company, chaired by Dr. Nevine Gamea, Chairwoman of the Board, to review the company’s and its factories’ readiness, discuss the start of the sugar production season from sugarcane, and ensure smooth operations.

During the meeting, Dr. Sherif Farouk emphasized that the Sugar and Integrated Industries Company is one of the fundamental pillars of the state’s food security system, given its pivotal role in producing a strategic commodity that directly affects citizens’ lives. He stressed that the ministry attaches great importance to monitoring the performance of the company and its factories, supporting development plans, and raising efficiency to achieve sustainability and enhance production capacity.

The Minister expressed special appreciation to the company’s workers and those in its affiliated factories, praising their sincere efforts during the supply and production season. He affirmed that the workers are the key element in the success of the system, and the ministry is keen to safeguard their rights and entitlements and improve the work environment, in recognition of their national role in securing the local market’s sugar needs, especially during critical periods and high-demand seasons.

Dr. Farouk stressed the importance of human resources and the need to upgrade all elements of the system. In a swift response, the Board of Directors of the Sugar Company, in its meeting today chaired by the Minister, approved amendments to several key benefits for the company’s employees and affiliated factories. These include:

Increasing the meal allowance to EGP 1,500 per month instead of EGP 1,000.

Raising annual profits and bonuses for employees to 45 months instead of 42 months.

Increasing incentives for all employees across all categories by 25% of the basic salary.

Approving medical treatment for all employees at the main medical center in Hawamdeya.

The meeting also agreed to study additional points, including increasing the cash allowance, raising the supplementary incentive, and considering a proposal to increase end-of-service gratuity.

Dr. Farouk also confirmed that regular meetings will be held with workers’ representatives at the company’s factories, in coordination with the elected workers’ representative and Board member. He instructed that the company’s General Assembly convene quickly on Thursday, January 15, to ratify the decisions taken today.

The meeting was attended by Major General Walid Abu El-Magd, Deputy Minister; Mr. Mostafa Ismail, Deputy Chairman of the General Authority for Supply Commodities; Counselor Amr El-Sisi, the Minister’s Legal Advisor; Mr. Ayman Ismail, Chairman of the Holding Company for Food Industries; Dr. Alaa Nagi, CEO of the Holding Company for Food Industries; Mr. Hossam El-Garahi, Assistant Minister for Oversight; Mr. Ahmed Kamal, Assistant Minister and official spokesperson; and Ms. Sara El-Azzazi, Head of the Central Administration for the Minister’s Office.

From the Sugar and Integrated Industries Company, attendees included Engineer Salah Fathy, Managing Director and CEO; Mr. Mohamed El-Sayed, Managing Director for Financial and Administrative Sectors; Engineer Ihab Mohamed, Non-Executive Board Member; and Mr. Khidr Said, Board Member representing the workers.

Inspection tour by the Minister of Investment, Presidential Advisor, and Cairo Governor at the “Ministries Square” in Downtown Cairo

Hassan El-Khatib: Our goal is to maximize returns from assets through partnerships with the private sector under “usufruct” agreements, while keeping ownership with the state.

Minister of Investment: The development of the Ministry of Interior building is the “nucleus” for transforming ministry buildings into hotel, service, and cultural projects.

Major General Khaled Fouda: Intensive efforts are underway to develop Downtown Cairo and the Ministries Square to ensure optimal use of heritage buildings.

Ibrahim Saber: Optimal investment in these headquarters is part of the state’s plan to restore Cairo’s visual identity in cooperation with the Sovereign Fund.

Engineer Hassan El-Khatib, Minister of Investment and Foreign Trade, Major General Dr. Khaled Fouda, Presidential Advisor for Local Development and Chairman of the National Committee for the Protection and Development of Heritage Cairo, and Dr. Ibrahim Saber, Governor of Cairo, conducted an inspection tour of the Ministries Square in Downtown Cairo. The square includes several ministry buildings such as Housing, Military Production, Supply, and Justice. The tour aimed to explore ways to utilize these assets and maximize returns after the ministries’ relocation to the New Administrative Capital, through the Sovereign Fund chaired by the Minister of Investment and Foreign Trade. The development of the Ministries Square runs in parallel with ongoing restoration efforts in Heritage Cairo, in line with directives from the political leadership to revive the area, preserve it, and restore its vital role in reflecting the architectural and urban character of the district.

Minister Hassan El-Khatib stated that the objective pursued through the Sovereign Fund is to maximize returns from these assets via partnerships with the private sector under usufruct agreements, while ownership remains with the state.

He confirmed that the Ministry of Interior building is the nucleus of this project, being transformed into a hotel and cultural complex, with studies underway to continue developing the remaining ministry buildings. He explained that all studies on utilizing the Ministries Square buildings have been completed, with plans to convert them into hotel and service projects, and the buildings are being handed over to the Sovereign Fund. He emphasized full cooperation and coordination among all entities, including Cairo Governorate, to expedite utilization of these assets and finalize related procedures.

The Minister added that these efforts align with the broader development of Central Cairo. The Holding Company for Insurance, affiliated with the Sovereign Fund, owns 300 buildings in Khedivial Cairo and Alexandria. These buildings are not for sale but will be converted into hotel and service projects under usufruct agreements. He noted that Misr Asset Management Company has been tasked with preparing the buildings for investment.

Major General Khaled Fouda highlighted the significant efforts by Cairo Governorate to develop Downtown Cairo, stressing that the Ministries Square is one of the key projects underway to ensure optimal use of these assets.

Dr. Ibrahim Saber, Governor of Cairo, stated that investing in Downtown Cairo and the Khedivial district, and optimally utilizing former ministry headquarters, is part of the state’s plan to restore Cairo’s visual identity. This will be achieved through the Sovereign Fund. He explained that cooperation is ongoing between the Governorate, the Ministry of Investment and Foreign Trade, and other ministries and relevant entities to resolve any obstacles and ensure optimal utilization of these assets. He affirmed that Cairo Governorate will provide all necessary support to facilitate investment in these headquarters.

Noha Khalil, Acting CEO of the Sovereign Fund, confirmed that there is cooperation between the Fund and Cairo Governorate to present the buildings slated for investment to potential investors and study offers to ensure optimal utilization and maximize returns for the state.

During her first visit to the Middle East in 2026, the Minister of Planning, Economic Development, and International Cooperation held an extensive meeting with the Vice President of the European Investment Bank and the accompanying delegation to discuss the future of strategic relations.

Dr. Rania El-Mashat: International cooperation and strategic partnerships are a key pillar of the “National Narrative for Comprehensive Development.”

Egypt is the largest country of operations for the European Investment Bank outside the EU, with investments exceeding €14 billion since 1979.

The European Investment Bank is one of the largest multilateral banks financing both local and foreign private sectors in Egypt.

Establishing a regional center for the bank in Cairo strengthens Egypt’s position as an international platform for development financing.

€3.1 billion in credit lines were extended to Egyptian banks by the European Investment Bank between 2020–2024.

The bank’s investments helped mobilize foreign direct investment in vital sectors, especially renewable energy.

Dr. Rania El-Mashat, Minister of Planning, Economic Development, and International Cooperation, held a broad meeting with Ms. Gelsomina Vigliotti, Vice President of the European Investment Bank, and Mr. Andrew McDowell, Director of EIB Global (the development arm of the European Investment Bank), along with their delegation. The meeting, part of her first visit to the Middle East in 2026, focused on the future of joint relations within the framework of the strategic partnership between Egypt and the EU.

During the meeting, Dr. El-Mashat presented the second edition of the “National Narrative for Comprehensive Development,” which serves as a comprehensive framework guiding sustainable and inclusive growth led by the private sector. She explained that the narrative emphasizes achieving macroeconomic stability, implementing structural reforms, enhancing competitiveness, increasing private sector participation, and prioritizing green transition, digital transformation, and human capital development.

El-Mashat stressed that Egypt values its strategic partnership with the European Investment Bank in mobilizing financing, reducing investment risks, and supporting private sector–led development in line with national priorities. Egypt is the largest country of operations for the bank outside the EU, with investments exceeding €14 billion since 1979, including €7.2 billion for the private sector, making the EIB one of the largest multilateral financiers of both local and foreign private sectors in Egypt.

She highlighted that the establishment of a regional center for the bank in Cairo strengthens Egypt’s position as an international platform for development financing. The bank’s investments have helped mobilize foreign direct investment in vital sectors, particularly renewable energy. She noted the major project launched yesterday by Scatec, in which the EIB is participating, describing it as one of the key projects securing Egypt’s energy supply.

She added that, following up on the December meeting with the EIB mission and preparing for new cooperation in 2026 and beyond, several priorities announced by the bank for the private sector at the start of 2026 were identified. These priorities align closely with Egypt’s national development agenda, including financing the green transition and supporting climate action as strategic priorities to foster sustainable growth, with energy transition as a cornerstone of Egypt’s development efforts.

The meeting also discussed cooperation between Egypt and the EIB regarding the “NWFE” program in its energy, food, and water pillars, and the “NWFE+” program in its sustainable transport pillar.

For her part, Gelsomina Vigliotti, Vice President of the European Investment Bank, said the partnership with Egypt represents an advanced model of cooperation based on empowering the private sector and supporting the transition to a green economy. She emphasized the importance of maintaining and strengthening this partnership, recognizing its pivotal role in supporting Egypt’s government and achieving its development priorities.

Vigliotti added that the bank’s executive board approved financing worth $150 million for one of Africa’s largest renewable energy projects, which was inaugurated yesterday in the presence of Egypt’s Prime Minister. She affirmed the bank’s pride in supporting this exceptional project, which embodies its commitment to Egypt’s green transition. She noted that the bank continues to support Egypt’s goals, particularly raising the share of renewable energy to 42% of total production, stressing that these efforts reflect the EIB’s commitment to sustainable development and climate action in Egypt.

In response to media questions during the joint press conference with the European Investment Bank:

Minister of Planning, Economic Development, and International Cooperation: €1 billion will be disbursed from the European Union next Thursday under the Macro-Financial Assistance (MFA) budget support mechanism, after implementing 16 measures within the National Structural Reform Program.

“El-Mashat”: Egypt is implementing more than 100 economic and structural policies and measures under the MFA framework to support macroeconomic stability.

The reforms enhance economic and financial stability, improve the business environment, and strengthen Egypt’s competitiveness.

More measures will continue to be implemented to ensure the sustainability of reforms and empower the private sector.

Concessional financing mechanisms help reduce short-term financial burdens and extend debt maturities.

The new financing provides wider fiscal space for spending on social protection, health, and education, in line with the national narrative for comprehensive development.

Dr. Rania El-Mashat, Minister of Planning, Economic Development, and International Cooperation, announced that the government has implemented 16 economic and structural measures under the first tranche of the second phase of the MFA program, which will be disbursed next Thursday at a value of €1 billion.

This came during a joint press conference coinciding with the visit of Ms. Gelsomina Vigliotti, Vice President of the European Investment Bank, to Egypt.

She added that in total, 38 reforms have been implemented under the National Structural Reform Program, including 22 measures in the first phase disbursed in January 2025 (€1 billion), and 16 measures in the tranche to be disbursed this week. This leaves €3 billion to be disbursed in two tranches during 2026.

She explained that the MFA program, worth €5 billion, includes more than 100 nationally designed economic policies and measures implemented under the National Structural Reform Program. This provides concessional financing alternatives at lower cost compared to international markets, supporting the budget and expanding fiscal space for various programs and projects, in line with Egypt’s comprehensive development goals.

El-Mashat emphasized that this development reflects the depth of Egypt–EU relations, which are witnessing qualitative momentum supported by political leadership. The MFA program is part of broader government efforts to implement structural reforms aimed at consolidating macroeconomic stability, improving the business climate, and advancing the transition to a green economy.

She noted that the first tranche of the second phase is tied to 16 structural reforms already implemented this year, coordinated with relevant entities including the Central Bank of Egypt, and the ministries of Finance, Planning, Investment and Foreign Trade, Electricity and Renewable Energy, Water Resources and Irrigation, Environment, and Industry. These reforms strengthen macroeconomic stability by improving public financial management, developing medium-term budget frameworks, managing fiscal risks and public investment, enhancing competitiveness and the business environment through better allocation of industrial land and streamlined investment licensing, and advancing the green transition through sustainable water management, waste-to-energy policies, energy efficiency, and protecting the Red Sea’s natural capital to support sustainable economic development.

It is noteworthy that the memorandum of understanding for the second phase of the MFA program was signed during the Egypt–EU summit in Brussels on October 22, 2025, worth €4 billion, reflecting the EU’s confidence in Egypt’s reform program and its support for economic and financial stability.

Key structural reforms implemented under Phase I and Phase II (first tranche) of the MFA program with the EU:

Phase I (December 2024):

Electronic payroll tax system applied to public sector wages and gradually to private sector wages.

Public Finance Law amended to set annual debt ceilings and establish dedicated accounting units.

Medium-term budget framework guidelines issued.

Draft procedural manual for program and performance budgeting prepared.

New criteria for evaluating public investment projects developed.

Expansion of social safety nets (Takaful and Karama programs, microfinance projects).

Launch of Social Protection Observatory report.

Launch of “Mahni 2030” platform to develop youth skills and support transition to formal economy.

Unified database for state-owned enterprises created.

Transparency measures on State Ownership Policy progress and divestment deals.

Publication of unified “negative list” of foreign investment restrictions.

Online investment portal with centralized information launched.

Electronic licensing system for investors introduced.

Plan for e-procurement system aligned with Public Procurement Law.

Medium-term tax strategy published.

Competition Authority issued guidelines on competitive neutrality.

Adoption of revised sustainable energy strategy.

Regulations for issuing renewable energy certificates published.

Phase II, first tranche (December 2025):

Strengthened domestic revenue mobilization.

Enhanced Public Finance Law implementation with unified reporting.

Strengthened medium-term budget framework with evaluation reports and fiscal strategy papers.

Advanced program and performance budgeting with PPP action plans.

Financial risk management framework established.

Coordinated macroeconomic forecasting across ministries.

Public investment management reforms aligned with OECD and IMF recommendations.

Competitive bidding system for industrial land allocation.

Electronic platform for investment licensing launched.

Water resource management reforms, including fees for groundwater extraction and licensing rules.

Revised feed-in tariff for waste-to-energy projects.

Declaration of the Red Sea marine ecosystem as a protected area.

Strengthened national energy efficiency plan with expanded mandate for the Cabinet’s Energy Planning Unit.

Company Name : Palm Hills Development Company
ISIN Code : EGS655L1C012
Reuters Code : PHDC.CA
Content :
Release from the company concerning signing an agreement with Egyptian Kuiweiti Copany.

Release from the Company in Arabic & English (510 KB)

Source: Al-Mal

The Central Bank of Egypt today withdrew liquidity worth EGP 91.200 billion through an open market operation, with 9 banks participating in the auction, at an interest rate of 20.5%.

The Central Bank had previously issued instructions regarding the rules governing the main deposit-linking operation for open market transactions, which it used to conduct through a fixed-rate auction on a weekly basis. In these auctions, the size of the operation is announced, and bids are accepted using an allocation method determined by the ratio of each bank’s bid to the total bids submitted, applied at the main operation rate.

The Central Bank confirmed that, in light of its commitment to following best international practices in managing excess liquidity in the banking system and improving the transmission of monetary policy decisions, it has decided to change the method of accepting bids in the main deposit-linking operation from the allocation method to a method of accepting all submitted bids. The results of each operation will be published on the Central Bank of Egypt’s official website.

The Central Bank will continue managing liquidity in a way that achieves balance and ensures consistency with its operational objective, which is to maintain the weighted average overnight interbank rate around the main operation rate, represented by the corridor’s average rate.

Company Name : El Ahram Co. For Printing And Packing
ISIN Code : EGS360A1C011
Reuters Code : EPPK.CA
Content :
The company sent its Disclosure Form for the BoD & the shareholders' structure for the period ended 31/12/2025 according to Article 30 of the Listing Rules.

The Disclosure Form for the BoD & the Shareholders' Structure (1,530 KB)

Company Name : Tenth Of Ramadan Pharmaceutical Industries&Diagnostic-Rameda
ISIN Code : EGS381B1C015
Reuters Code : RMDA.CA
Content :
The company sent its Disclosure Form for the BoD & the shareholders' structure for the period ended 31/12/2025 according to Article 30 of the Listing Rules.

Shareholders' Structure (4,100 KB)

With reference to the letter of the Ministry of Finance on 13/01/2026 regarding the Egyptian Treasury Bonds 14 January 2028 Variable Return, according to the prospectus, a quarterly coupon is due on these bonds, which is determined at the beginning of the period and is disbursed and recalculated every three months, according to the change in the average corridor rate of the central bank, since the coupon no.(5) for this bond is due on 14/04/2026, the price of the coupon is 25.4436%.
ISIN Code: EGBGR06131V6

Company Name : Memphis Pharmaceuticals
ISIN Code : EGS38351C010
Reuters Code : MPCI.CA
Content :
The company sent its Disclosure Form for the BoD & the shareholders' structure for the period ended 31/12/2025 according to Article 30 of the Listing Rules.

Shareholders' Structure (2,502 KB)

Company Name : First Investment Company And Real Estate Development
ISIN Code : EGS65AL1C010
Reuters Code : FIRE.CA
Content :
The company sent its Disclosure Form for the BoD & the shareholders' structure for the period ended 31/12/2025 according to Article 30 of the Listing Rules.

Shareholders' Structure (2,573 KB)

Company Name : Medical Packaging Company
ISIN Code : EGS3C4L1C015
Reuters Code : MEPA.CA
Content :
The company sent its Disclosure Form for the BoD & the shareholders' structure for the period ended 31/12/2025 according to Article 30 of the Listing Rules.

The Disclosure Form (921 KB)

Company Name : Heibco for commercial investments & real estate development
ISIN Code : EGS23OD1C015
Reuters Code : HBCO.CA
Content :
Release regarding the disclosure form according to the Article 29 of EGX Listing Rules.
The Release (179 KB)

Company Name : Rakta Paper Manufacturing
ISIN Code : EGS36021C011
Reuters Code : RAKT.CA
Content :
The company sent its Disclosure Form for the BoD & the shareholders' structure for the period ended 31/12/2025 according to Article 30 of the Listing Rules.

The Disclosure Form (6,290 KB)

In implementation of Article (20) of the rules for listing and delisting securities, the Egyptian Exchange announces receiving a request on 13/01/2026, to list the securitization bonds issued from EFG Hermes Securitization - The first Issuance of the tenth program, where the listing documents  are being fulfilled to be presented to the Listing Committee , the details of the listing request are as follows

Nominal securitization bonds against financial rights and deferred payments that are tradable, non -callable and non- convertible bonds, with a total amount of EGP 451,000,000 in one issuance over three tranches, Through a 100% private placement for financial institutions, entities with financial solvency, natural and legal persons

The announcement shall be published for a period of five working days from its date, in implementation of the provisions of Article (20) of the rules for listing and delisting securities issued by the Board of Directors of the Financial Regulatory Authority No. (11) On 22/01/2014 and its executive procedures and their amendments 

In implementation of Article (20) of the rules for listing and delisting securities, the Egyptian Exchange announces receiving a request on 13/01/2026, to list the securitization bonds issued from EFG Securitization - The Third Issuance of the Fifth program, where the listing documents  are being fulfilled to be presented to the Listing Committee , the details of the listing request are as follows  

Nominal securitization bonds against financial rights and deferred payments that are tradable, non -callable and non- convertible bonds, with a total amount of EGP 735,000,000 in one issuance over two tranches, Through a 100% private placement for financial institutions, entities with financial solvency, natural and legal persons

The announcement shall be published for a period of five working days from its date, in implementation of the provisions of Article (20) of the rules for listing and delisting securities issued by the Board of Directors of the Financial Regulatory Authority No. (11) On 22/01/2014 and its executive procedures and their amendments 

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Element List Explanation
Introduction Derayah Financial releases Q4 2025 report for Derayah REIT for the period ending 31-12-2025.
To access the report, please download the attached file:

Copy of the Statement
Additional Information -

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Element List Explanation
Introduction Al Kuzama Trading Company announces the signing of a “non-binding preliminary Memorandum of Understanding” with Bandar Khalid Abu Saman, the owner of Unique Food Catering Company (a single-member limited liability company), for the purpose of acquiring a 25% equity ownership interest. The Company operates in the restaurant and fast food sector.
Memorandum Signing Date 2026-01-13 Corresponding to 1447-07-24
Counterparty The owner of Unique Food Catering Company (a single-member limited liability company).
Memorandum Subject Al Kuzama Trading Company intends to acquire an equity ownership interest representing 25% in the ownership of the owner of Unique Food Catering Company (a single-member limited liability company). The final decision to proceed with the acquisition is subject to the completion of the company valuation, the satisfactory completion of legal, financial, and operational due diligence, and the receipt of all required approvals from the relevant regulatory authorities.
Memorandum Duration Ninety (90) days, commencing from the date of signing.
Related Parties None
Financial Impact The financial impact of the acquisition will be determined after the necessary approvals are completed and the final share purchase agreement is signed.
Additional Information This Memorandum does not create any binding legal obligation until the final signing of the final share purchase agreement, and any developments in this regard will be announced.

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Element List Explanation
Introduction Academy of Learning Company announces the completion of the sale of fractional shares resulting from the capital increase, which was approved in the Extraordinary General Assembly Meeting held on Thursday, 01-01-2026. The proceeds from the sale of fractional shares have been deposited into the accounts of eligible shareholders.
Share’s Fractions Sale Completion Date 2026-01-07 Corresponding to 1447-07-18
Number of Sold Shares 53
Share’s Fractions Selling Returned Amount 396.44 SAR
Average Selling Price per share 7.48 SAR
Deposit Date of The Return Amount from Share’s Fractions Selling in Eligible Shareholder’s Accounts 2026-01-13 Corresponding to 1447-07-24
Name and Contact Method of Responsible Entity Distributing The Return Amount from Share’s Fractions Selling in Eligible Shareholder’s Accounts The proceeds from the sale of fractional shares have been distributed through Bilad bank, by depositing the due amounts into the bank accounts linked to the investment portfolios of eligible shareholders.
Shareholders who encounter any issues with the deposit process can contact the Investor Relations Department via email at investor.relations@aol.edu.sa

Additional Information The share of each shareholder in selling fractional shares amounted to is SAR 3.74, which represents the value of half a share.

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Element List Explanation
Introduction Yaqeen Capital announces that the quarterly statement of YAQEEN PETROCHEMICAL ETF for the period ending on 2025-12-31
Report

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Element List Explanation
Introduction Yaqeen Capital announces that the quarterly statement of YAQEEN Saudi Equity ETF for the period ending on 2025-12-31
Report

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Element List Explanation
Introduction AL Wasatah Al Maliah (Wasatah Capital) announces the availability of quarterly statement of Alwaha REIT Fund for the period ending on 31/12/2025.
A copy of the quarterly statement can be found in the attachments.

Copy of the Statement
Additional Information -

tadawul


Element List Explanation
Introduction Alkhabeer Capital announces that the quarterly statement of Al Khabeer Diversified Income Traded Fund 2030 for the period ending on 2025-12-31
Report
Additional Information A copy of the quarterly statement report can be found in the attachments and through the Fund Manager's website, as in the following link:
https://www.alkhabeer.com/income30/

tadawul


Element List Explanation
Introduction Alkhabeer Capital announces that the quarterly statement of Al Khabeer Diversified Income Traded Fund for the period ending on 2025-12-31
Report
Additional Information A copy of the quarterly statement can be found in the attachments and through the Fund Manager's website, as in the following link:
https://www.alkhabeer.com/income/

tadawul

Element List Explanation
Introduction Alkhabeer Capital announces the availability of the quarterly statement report for Alkhabeer REIT Fund for the period ending on 31 December 2025.
Copy of the Statement
Additional Information A copy of the quarterly statement report can be found in the attachments and through the Fund Manager's website, as in the following link:
https://www.alkhabeer.com/reit/

tadawul

Element List Explanation
Introduction Yaqeen Capital announces that the quarterly statement of YAQEEN SP ESG MENA ETF Fund for the period ending on 2025-12-31
Report

Issuer Name : EFG CorpSolutions 2nd Iss 1st Pro Oct 2029 VR
ISIN Code : EGB610D1L047
Reuters Code : EGBHRSL2P1CV
Interest Type : Floating
Coupon Interest : 22%
Coupon Amount : EGP 1.7358904111
Coupon Number : 13
Coupon Date : 29/01/2026
Coupon Payment Date : 01/02/2026

Company Name : Medinet MASR Housing
ISIN Code : EGS65571C019
Reuters Code : MASR.CA
Content :
Release from the company concerning the strategic partnership between madinet Masr and El Sewedy El ectric to execute Infrastructure work "Elan" in Sarai

Release from the Company in Arabic & English (317 KB)

Company Name : Misr Oils & Soap
ISIN Code : EGS38421C011
Reuters Code : MOSC.CA
Content :
Company's response to the Central Auditing Organization's report on the financial statements for the fiscal year ending 06/30/2025.

Company's Response (2,349 KB)

egyptoil-gas

Prime Minister Mostafa Madbouly has inaugurated the first phase of the Obelisk solar power project in Qena Governorate, marking a milestone in Africa’s renewable energy landscape.

Developed by Norway’s Scatec within 13 months of signing the Power Purchase Agreement (PPA), the project represents one of the fastest global executions in the sector.

The inauguration marks a significant step in consolidating Egypt’s position as a regional leader in sustainable energy, serving as a flagship initiative under the Nexus of Water, Food, and Energy Program (NWFE), according to a statement by the Cabinet.

The first phase delivers 500 megawatts (MW) of solar capacity, integrated with 200 megawatt-hours (MWh) of Battery Energy Storage Systems (BESS), the largest of its kind on the continent.

Upon full completion in 2026, the 1,000 MW complex will span 20 square kilometers (km²) and supply electricity to approximately 1.6 million homes annually.

The project is expected to offset 1.4 million tons (mmt) of carbon emissions and save an estimated 513 million thermal units of natural gas over its 25-year lifespan, providing a cumulative economic value of approximately $5.1 billion.

Total financing for the project exceeds $600 million, backed by the European Investment Bank ($150 million), the African Development Bank ($160 million), and the European Bank for Reconstruction and Development EBRD (over $100 million).

Minister of Electricity and Renewable Energy, Mahmoud Esmat, described the project as a model of technological excellence and engineering innovation.

Terje Pilskog, CEO of Scatec, noted that the site’s rapid transition from signing to execution demonstrates the robust investment climate fostered by the Egyptian government.

The second 500 MW phase is scheduled for inauguration in May 2026 to support the national grid during the peak summer demand season.

Rania Al-Mashat, Minister of Planning, Economic Development, and International Cooperation, highlighted that the mobilization of diversified international funds reflects a vote of confidence in Egypt’s economic trajectory.

The project aligns with the state’s strategy to increase the share of renewable energy in the national energy mix to 42% by 2030.

Furthermore, Scatec is expanding its footprint in Egypt beyond the Obelisk site, having signed a recent agreement for the 1.7 GW “Energy Valley” solar and battery storage project in Minya governorate.

Mohamed Amer, Executive Vice President of Scatec, reaffirmed that the company’s ability to move directly into construction underscores the seamless cooperation between private sector partners and the Ministry of Electricity.

It is worth noting that Scatec was the first company to sign a power purchase agreement in Egypt that includes battery systems. In September 2024, it began work immediately thereafter, according to Amer.

Company Name : Delta Insurance
ISIN Code : EGS63031C016
Reuters Code : DEIN.CA
Content :
Release from the company regarding the invitation for an extraordinary general meeting scheduled to be held on 15/02/2026

Release from the Company (210 KB)

egyptoil-gas

Badr Abdelatty, Minister of Foreign Affairs, Emigration, and Egyptian Expatriates,met with Terje Pilskog, CEO of Norway’s Scatec, on January 13 to discuss expanding strategic investments in the renewable energy sector, according to a statement by the Cabinet.

Abdelatty underscored the government’s commitment to achieving a green economy and consolidating Egypt’s position as a global hub for green hydrogen.

Furthermore, he noted that Scatec’s portfolio in Egypt is a cornerstone of this national strategy, specifically citing the landmark Obelisk solar power project in Nagaa Hammadi, Qena.

Prime Minister Mostafa Madbouly inaugurated the first phase of the Obelisk project on January 12, marking a major advancement in domestic clean energy production.

The Obelisk project’s first phase provides 500 megawatts (MW) of solar capacity integrated with 200 megawatt-hours (MWh) of Battery Energy Storage Systems (BESS), currently the largest installation of its kind in Africa.

During the discussions, Abdelatty encouraged Scatec to expand its operational footprint in Egypt, particularly in projects aimed at exporting clean energy to Europe.

The two sides also explored opportunities for trilateral cooperation in Africa, focusing on developmental renewable energy projects to support the continent’s infrastructure.

Company: North Cairo Mills
Symbols: EGS30361C017
Reuters: MILS.CA
Content:
Minutes of the EGM held on 10/01/2026
Source: North Cairo Mills
EGM Minutes (before Certification) (1,068 KB)

Insider Trading Executions: Trading Session ‎‏12‏‎/1/2026‎
Company Name: Union Pharmacist Company For Medical Services and Investment
Position: insider
Transaction: buy
Number of Shares: 152705‎

Insider Trading Executions: Trading Session ‎‏12‏‎/1/2026‎
Company Name: International company For Medical Industries -ICMI
Position: insider
Transaction: buy
Number of Shares: 125000‎

Insider Trading Executions: Trading Session ‎‏12‏‎/1/2026‎
Company Name: Heibco for commercial investments & real estate development
Position: related parties for insider
Transaction: sell
Number of Shares: 200000‎

Insider Trading Executions: Trading Session ‎‏12‏‎/1/2026‎
Company Name: E-Finance For Digital and Financial Investements ‎SAE
Position: ESOP
Transaction: sell
Number of Shares: 13686992‎

Insider Trading Executions: Trading Session ‎‏12‏‎/1/2026‎
Company Name: E-Finance For Digital and Financial Investements ‎SAE
Position: insider
Transaction: buy
Number of Shares: 250000‎

Insider Trading Executions: Trading Session ‎‏12‏‎/1/2026‎
Company Name: E-Finance For Digital and Financial Investements ‎SAE
Position: insider
Transaction: buy
Number of Shares: 50000‎

Insider Trading Executions: Trading Session ‎‏12‏‎/1/2026‎
Company Name: E-Finance For Digital and Financial Investements ‎SAE
Position: insider
Transaction: buy
Number of Shares: 80000‎

Company: FERCHEM MISR CO. FOR FERTILLIZERS & CHEMICALS
Symbols: EGS385S1C012
Reuters: FERC.CA
Content :
Disclosure Form of the company for the Board of Directors and the shareholders' structure for the period 31/12/2025, according to Article 30 of the Listing Rules.
Shareholders' Structure (1,152 KB)

Insider Trading Executions: Trading Session ‎‏12‏‎/1/2026‎
Company Name: E-Finance For Digital and Financial Investements ‎SAE
Position: insider
Transaction: buy
Number of Shares: 1750000‎

Insider Trading Executions: Trading Session ‎‏12‏‎/1/2026‎
Company Name: E-Finance For Digital and Financial Investements ‎SAE
Position: insider
Transaction: buy
Number of Shares: 80000‎

Insider Trading Executions: Trading Session ‎‏12‏‎/1/2026‎
Company Name: E-Finance For Digital and Financial Investements ‎SAE
Position: insider
Transaction: buy
Number of Shares: 180000‎

Insider Trading Executions: Trading Session ‎‏12‏‎/1/2026‎
Company Name: Marsa Marsa Alam For Tourism Development
Position: related parties for Major Shareholder
Transaction: buy
Number of Shares: 135‎

Insider Trading Executions: Trading Session ‎‏12‏‎/1/2026‎
Company Name: Prime Holding
Position: insider
Transaction: buy
Number of Shares: 12800‎