With reference to the letter of the Ministry of Finance on 15/01/2026 regarding the Egyptian Treasury Bonds16 January 2029 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.(9) for this bond is due on 16/04/2026, the price of the coupon is 27.9375%.
ISIN Code: EGBGR05151V5

Company Name : Gadwa For Industrial Development
ISIN Code : EGS3JM11C012
Reuters Code : GDWA.CA
Content :
Release regarding the disclosure form according to the Article 29 of EGX Listing Rules.
The Release (67 KB)

Issuer Name : EFG Securitization 2nd Iss 5th Pro Tranche B Mar 2027
ISIN Code : EGB694K1S570
Reuters Code : EGBEFGS2P5BCF
Interest Type : Fixed
Coupon Interest : 21.6%
Coupon Amount : EGP 1.8936986301
Coupon Number : 2
Coupon Date : 29/01/2026
Coupon Payment Date : 01/02/2026

Issuer Name : EFG Securitization The Second Issuance - Fourth Program Tranche W November 2029
ISIN Code : EGB694K1S281
Reuters Code : EGHRSEC2P4W=CA
Interest Type : Fixed
Coupon Interest : 18.25%
Coupon Amount : EGP 1.4421381481
Coupon Number : 25
Coupon Date : 29/01/2026
Coupon Payment Date : 01/02/2026
Notes :
Bond Redemption: EGP 1.2603195344

Issuer Name : EFG Securitization The Second Issuance - Fourth Program Tranche C March 2030
ISIN Code : EGB694K1S257
Reuters Code : EGHRSEC2P4C=CA
Interest Type : Floating
Coupon Interest : 21.7%
Coupon Amount : EGP 1.4726598371
Coupon Number : 25
Coupon Date : 29/01/2026
Coupon Payment Date : 01/02/2026
Notes :
Bond Redemption: EGP 1.0824651245

ZAWYA

Arab Bank for Investment & Foreign Trade (Al Masraf), the UAE’s only federal commercial bank, has appointed banks to arrange investor calls and meetings starting Friday, 16 January 2026, ahead of the potential issuance of its debut US dollar denominated Reg S benchmark bond.

Al Masraf — 60% owned by the UAE federal government through the Emirates Investment Authority and rated A (Stable) by Fitch — has mandated Emirates NBD Capital, First Abu Dhabi Bank, Mashreq, and Standard Chartered Bank as joint global coordinators. RAKBANK is the joint lead manager and joint bookrunner.

Subject to market conditions, a debut 5-year senior unsecured fixed rate Reg S bond issuance under Al Masraf’s US$5 billion Euro Medium Term Note (EMTN) Programme will follow. The bonds are expected to be reflect the issuer's ratings

The proceeds will be utilised for general corporate purposes.

The transaction will be carried out under FCA/ICMA stabilisation guidelines.

The bonds will be listed on London Stock Exchange’s International Securities Market and Nasdaq Dubai.

Issuer Name : EFG Securitization The First Issuance - Third Program Tranche C December 2027
ISIN Code : EGB694K1S083
Reuters Code : EGHRSEC1P3C=CA
Interest Type : Floating
Coupon Interest : 21.6%
Coupon Amount : EGP 0.0483109157
Coupon Number : 40
Coupon Date : 29/01/2026
Coupon Payment Date : 01/02/2026
Notes :
Bond Redemption: EGP 2.4738333648

tradearabia

AD Ports Group, a leading global enabler of integrated trade, industry and logistics solutions, has signed a land sale agreement with Danube Properties for the development of a major residential and mixed-use project within KEZAD Town Centre, a strategically located district forming part of KEZAD Abu Dhabi.

The transaction covers approximately one million square metres of freehold land and is valued at around AED840 million ($228.73 million). It represents the second land sale completed within the KEZAD Town Centre masterplan, following the earlier landmark transaction conducted with Mira Developments last October.

The agreement supports AD Ports Group’s land monetisation strategy and the phased acceleration of the Town Centre development, which spans a total area of approximately 16 sq km. The project is designed to establish a vibrant, well-connected residential and lifestyle destination within close proximity to KEZAD’s industrial and business clusters, supporting long-term growth and workforce sustainability.

The proceeds from the transaction will be collected over a period of four years, with a 10% down payment, and will support the group’s efforts to continue to deleverage its Balance Sheet, enhancing its liquidity position and financial flexibility, said a statement.

Captain Mohamed Juma Al Shamisi, Managing Director and Group CEO, AD Ports Group, said: “Our land sale agreement with Danube Properties marks another significant milestone in the development of KEZAD Town Centre and underscores the strength of our long-term master planning approach. Achieving a higher land value in this second transaction reflects growing market confidence in the Town Centre vision and its role in creating integrated, liveable communities that support Abu Dhabi’s economic growth, in line with the wise vision of our leadership.”

He added: “By accelerating land monetisation and attracting established developers with strong delivery track records, we are unlocking hidden value from our landbank in Abu Dhabi, while ensuring that development remains fully aligned with infrastructure readiness, planning standards, and the evolving needs of our communities.”

Rizwan Sajan, Founder and Chairman, Danube Group, said: “We are proud to partner with AD Ports Group on this important development within KEZAD Town Centre. The location, scale, and long-term vision of the project align strongly with our commitment to delivering high-quality residential and mixed-use communities. This agreement provides a solid foundation for a development that will meet market demand and contribute meaningfully to the growth of this emerging destination.”

Danube Properties, a subsidiary of the Danube Group, is one of the UAE’s leading private real estate developers and the pioneer of the region’s groundbreaking 1% payment plan. Established by Rizwan Sajan in 1993, the company has launched 40 projects to date, with 20 successfully delivered and the remainder in advanced stages of construction.

tradearabia

Long-term green bonds amounting to a total of $870.75 million have been issued to refinance Abu Dhabi's Al Dhafra Solar Photovoltaic (PV) Independent Power Plant, it was announced on Friday.

The announcement was made jointly by the plant's owners - Abu Dhabi National Energy Company (TAQA), along with Emirates Water and Electricity Company (EWEC), Abu Dhabi Future Energy Company (Masdar), EDF power solutions, and Jinko Power Technology Co (Jinko Power), during Abu Dhabi Sustainability Week 2026.

The issuance has a coupon of 5.794% and maturing in June 2053. The green bonds are expected to be rated A3 by Moody’s and A by Standard and Poor’s.

The green bond issuance will be primarily used to refinance the plant’s existing debt obligations and was coordinated by BNP Paribas and HSBC as Joint Global Coordinators. Crédit Agricole CIB, MUFG, Standard Chartered Bank and SMBC acted as Joint Lead Managers and Bookrunners alongside BNP Paribas and HSBC.

The use of proceeds complies with the ICMA Green Bond Principles 2025 and the Climate Bonds Standard sector technical requirements for ‘Solar Energy’.

A testament to plant's green record

Farid Al Awlaqi, Chief Executive Officer, TAQA’s Generation business, said: “After more than two years of full commercial operations, we are pleased that Al Dhafra Solar PV Power Plant’s bonds’ issuance has been certified as a 100% green asset, testament to its current operational track record and projected future performance. The plant is expected to save approximately 2.4 million metric tonnes of CO₂ from being released annually, and with this issuance, further reinforces Abu Dhabi’s commitment to the wider energy transition strategy. TAQA is proud to be contributing to the transition with a target of two-thirds of our gross power capacity being generated from renewables by 2030.”

TAQA has grown its power generation capacity to approximately 70GW (as of 30 September 2025), as it sets out to achieve its 2030 target of 150GW.

Ahmed Ali Alshamsi, Chief Executive Officer, EWEC, said: “The green bond issue for Al Dhafra Solar PV is the second solar fixed income issuance EWEC has brought to market following the Noor Abu Dhabi green bond issued in early 2022. Bringing fixed income investors into the power sector in Abu Dhabi secures competitive long-term capital and enhances investor relations in Abu Dhabi and the UAE, while also allowing financial capital to be re-deployed for future solar PV projects. EWEC is rapidly accelerating the energy transition in the UAE with transformative renewable energy projects, and we look forward to future transactions on upcoming solar PV projects that support sustainability goals.”

Attracting global capital

Mohamed Jameel Al Ramahi, Chief Executive Officer, Masdar, said: “Masdar is proud to have raised more than $2.75 billion in green bonds, and this latest successful issuance demonstrates how large-scale, bankable renewable energy projects can attract global capital while delivering affordable, secure, clean power. As one of the world’s largest single-site solar plants, Al Dhafra exemplifies Masdar’s commitment to mobilising sustainable finance to accelerate the global energy systems transformation.”

Luc Koechlin, Chief Executive Officer Middle East, EDF Group and EDF power solutions, said: “Inaugurated during COP28, the Al Dhafrah Solar PV Power Plant, developed by EDF power solutions alongside its partners, has demonstrated a strong operational track record by delivering innovative, clean energy solutions that power today 200,000 households. The $870.75 million refinancing marks an important milestone and enables the project’s certification as a 100% green asset.”

He added: “This green bond refinancing is supporting the continued operation and long-term resilience of the plant while contributing to the strengthening of the power system against the impacts of climate change and advancing Abu Dhabi’s energy transition ambitions. It also reinforces EDF’s role as a leading renewable energy developer, delivering low-carbon and innovative solutions through sustainable finance in the UAE.”

Charles Bai, President of Jinko Power International Business, commented: “The successful green bond refinancing of the Al Dhafra Solar PV Plant is a remarkable validation of the project’s underlying asset quality, operational resilience, and long-term viability. It is also a strong vote and clear confidence of global capital markets in Abu Dhabi and bankable, utility-scale renewable energy assets. At Jinko Power, we remain firmly committed to partnering with leading sponsors, lenders, and institutional investors to deliver high-quality renewable infrastructure that meets the highest international standards. We believe that trust-based, long-term partnerships are fundamental to scaling sustainable investment, unlocking opportunities, and accelerating the global energy transition.”

Ali Albeshr, Executive Managing Director, Al Dhafrah PV Energy Company, said: “This refinancing marks an important milestone for Al Dhafrah PV, reflecting the project’s stable operating performance, robust risk framework, and long-term cash flow visibility. The successful execution of the green bond further strengthens the project’s financial resilience and supports disciplined, long-term operation in line with international best practices and sustainability standards.”

Inaugurated in 2023, Al Dhafra Solar PV is one of the world’s largest single-site solar PV plants. The world-leading solar PV power plant features almost four million solar panels which deploy innovative bi-facial technology to maximise energy yield. The plant also uses state-of-the-art cleaning robots, powered by the plant itself, which operate without water, thereby delivering substantial water savings in contrast to traditional solar PV cleaning solutions. TAQA holds a 40% ownership interest in Al Dhafra PV, alongside Masdar with 20%, while EDF power solutions and Jinko Power each hold a further 20% stake.

tradearabia

Abu Dhabi Future Energy Company – Masdar, a global clean energy leader, and Elektroprivreda Crne Gore (EPCG), Montenegro’s national power utility, have agreed to explore a joint venture to develop large-scale renewable energy projects in Montenegro.

The signing took place at Abu Dhabi Sustainability Week 2026, in the presence of Dr Sultan Al Jaber, UAE Minister of Industry and Advanced Technology, and Chairman of Masdar; Prime Minister of Montenegro, H.E. Milojko Spajić; and H.E. Admir ٹahmanović, Minister of Energy and Mining for Montenegro as well as senior representatives from both organizations.

Under the terms of the agreement, Masdar and EPCG will explore a joint venture to develop, construct, own and operate clean energy projects across a range of technologies, including solar photovoltaic (PV), wind, hydropower, stand-alone battery energy storage systems and hybrid solutions.

The collaboration aims to support Montenegro’s domestic energy needs while enabling the export of renewable electricity to the Balkans and Southeast Europe. This includes leveraging Montenegro’s existing sub-sea interconnection with Italy, as well as its potential expansion.

The partnership aims to combine EPCG's position as Montenegro's leading energy producer and Masdar's global expertise in renewable energy project development. Through this collaboration, Masdar and EPCG aim to accelerate Montenegro’s energy security and contribute to the energy transformation of the broader European energy market.

Collaboration for energy transformation

Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, said: "Partnerships like this demonstrate how pragmatic collaboration can accelerate the global energy transformation while strengthening energy security and economic resilience. This agreement reflects Masdar’s disciplined approach to expansion in strategic markets with strong fundamentals and long-term growth potential. By partnering with EPCG, we are combining global development expertise with strong local capability to support energy independence and economic growth in Montenegro and the wider Balkans."

Admir ٹahmanović, Minister of Energy & Mining, said: "Such strategic partnerships bring not only greater energy security, but also new jobs, stronger development, and the modernization of our energy sector. Through investments in renewable energy sources, Montenegro is taking an additional step toward the gradual phase-out of coal and the transition to clean energy, which is the only sustainable solution for future generations. Our goal is a stable system today and a responsible policy for tomorrow."

Milutin Đukanović, President of the Board of Directors of Elektroprivreda Crne Gore, said: "This cooperation confirms EPCG’s clear development vision based on sustainability, responsible management, and strengthening the country’s energy independence. Partnering with a renowned global company represents strategic positioning of Montenegro within the modern energy landscape and an important step toward diversifying energy sources. In the context of the upcoming implementation of the CBAM mechanism, it is essential to accelerate investments in the energy sector. Alongside the strong development of our own projects, cooperation with leading international partners is key to faster sector development and enhanced national competitiveness. Energy development represents a historic opportunity for Montenegro that we must not miss."

Zdravko Dragaڑ, Chief Executive Officer of EPCG, said: "This agreement represents an important step forward in the development of Montenegro’s energy sector and a strong signal of confidence from a renowned global partner in Montenegro’s potential. By partnering with Masdar, one of the world’s leading renewable energy companies, EPCG further strengthens its role as a driver of the energy transition, enhances our energy security, and lays the foundation for new investments in solar, wind, and other clean technologies. Our shared goal is for Montenegro, in addition to meeting its own consumption needs, to become a reliable exporter of green energy to the region and beyond, leveraging existing infrastructure and the country’s strategic position."

This agreement follows the signing of the UAE-Montenegro Energy Cooperation Agreement between the UAE and Montenegro in early November 2025.

Building on the broader strategic partnership between the UAE and Montenegro, Masdar’s collaboration with EPCG leverages on its existing presence in Montenegro through its 2018 investment in the 72-megawatt Krnovo Wind Farm, which remains the country’s largest operating wind project to date. The partnership also complements Masdar’s broader expansion and investment in Southeast Europe and Central Europe through its Greek platform, TERNA ENERGY, acquired last year.

(WAM) --

The fifth edition of World of Coffee Dubai 2026 opens Sunday, with more than 2,100 companies and brands from 78 countries participating, over 70 percent of them international exhibitors.

The exhibition will be held at the Dubai World Trade Centre across 20,000 square metres in Zabeel Halls 1, 4, 5 and 6, marking a near fourfold increase in size since its launch.

A record 76 coffee-producing countries are taking part, including nine national pavilions, alongside expanded participation from leading global producers.

The event features specialised zones, professional workshops, product and design awards, four championships led by the Cezve/Ibrik Championship, and three curated auctions of equipment and specialty coffee.

The newly introduced Producers' Village highlights diverse growing regions and processing methods, reinforcing Dubai’s role as a global hub for the coffee industry.

(WAM) --

The European Union and the Mercosur bloc, comprising Brazil, Argentina, Paraguay, Uruguay and Bolivia, today signed a trade agreement aimed at creating the world’s largest free trade area, in a move described as historic after negotiations that lasted for more than a quarter of a century.

Despite the expectations surrounding the agreement, the main concern centres on its impact on local markets, particularly the European agricultural sector.

The agreement includes a series of measures to gradually eliminate customs duties on around 90 percent of goods traded between the two sides, a step expected to reduce trade costs and increase market openness.

However, many observers have raised questions about the potential impact on European products that may face competition from lower-priced goods from Mercosur countries, which are not always subject to the same environmental and social standards applied to European products.

One of the key features of the agreement is the gradual removal of tariffs on a wide range of industrial and agricultural goods, opening significant opportunities for European companies to access new markets in South America.

Beyond economic benefits, the agreement also provides for the opening of public procurement markets in Mercosur countries to European companies, particularly in sectors such as infrastructure, energy and water. This has raised concerns about possible effects on local companies in those countries.

With regard to agricultural products, the agreement offers what are described as reasonable safeguards by imposing import quotas on certain goods, including meat, poultry, sugar and rice. These quotas define specific quantities that can be imported at reduced or zero tariffs. This aspect has unsettled many European farmers, who view it as a threat to their food security and competitiveness in domestic markets.

Not all European stakeholders oppose the agreement, however. Many European industrialists and manufacturers have welcomed it as an opportunity to expand markets and boost exports.

The automotive sector, in particular, is seen as one of the main potential beneficiaries, as the removal of tariffs previously imposed on vehicles entering Mercosur markets is expected to enhance the ability of European manufacturers to expand their presence in countries such as Brazil and Argentina, which represent large and dynamic markets.

Environmental considerations were also a major focus during the negotiations. While the agreement includes commitments to sustainable development and environmental protection, including respect for the Paris Climate Agreement and efforts to combat deforestation, some critics argue that these commitments are not legally binding and lack robust enforcement mechanisms.

In particular, concerns have been raised that the agreement could accelerate deforestation in the Amazon region, a sensitive issue for environmental organisations that see the deal as a potential threat to global efforts to combat climate change.

The EU–Mercosur agreement opens new horizons for trade and economic cooperation, but at the same time raises significant questions and challenges related to the protection of local industries, especially in Europe. While some view it as an opportunity to stimulate economic growth and expand markets, others warn that it could come at a high environmental and social cost and limit the ability of European countries to uphold their environmental and social standards.

(WAM) --

International tourism revenues in the Gulf Cooperation Council (GCC) states rose to $120.2 billion in 2024, up 39.6 percent from 2019 and 8.9 percent from 2023, the Statistical Centre for the Cooperation Council for the Arab States of the Gulf (Gulf-Stat) said.

This reflects the continued strong performance of inbound tourism to the GCC countries in 2024, recording notable growth in visitor numbers, revenues, and employment, thereby reinforcing the sector’s role as one of the key drivers of economic diversification and support for GDP.

In its “Travel and Tourism in the GCC Countries 2024” report, Gulf-Stat said international tourist arrivals to the region reached 72.2 million in 2024, up 51.5 percent from 2019 and 6.1 percent from 2023, taking the GCC’s share of global tourism to 5.2 percent.

This performance reflects a recovery exceeding pre-pandemic levels, driven by expanded air connectivity, visa facilitation measures, and the diversification of tourism products.

By source market, the Middle East accounted for 18.8 percent of inbound tourists, followed by Europe at 14.6 percent and Asia-Pacific at 14.5 percent, it said.

Intra-GCC travel made up 41.3 percent of total international tourists, with an average annual growth rate of 51.2 percent between 2019 and 2024, Gulf-Stat said, citing greater mobility and joint events.

Tourism infrastructure expanded alongside demand, with hotel establishments in the GCC reaching 11,200 properties, comprising about 711,500 rooms. Tourism employment rose to 1.7 million workers in 2024, up 33.0 percent from 2020.

Direct travel and tourism GDP reached $93.5 billion in 2024, achieving 64.1 percent of the 2030 target, while the sector’s share of GCC GDP rose to 4.3 percent.

Gulf-Stat said sustainability indicators showed an average length of stay of 8.4 nights and average spending of $674.6, alongside improved labour productivity. With achievement rates of 56 percent to 78 percent of GCC Tourism Strategy 2030 targets, it said the region was well positioned to sustain growth, particularly in cultural, eco, and business and conference tourism.

(WAM) --

The United Arab Emirates reported significant growth across its energy, infrastructure, maritime transport, housing and digital transformation sectors in 2025, underscoring its ability to pair long-term planning with execution on the ground.

The achievements reflect a government approach built on innovation, operational efficiency and improving quality of life, demonstrating the ability to translate national strategies into tangible results that strengthen the country’s competitiveness.

In the housing sector, the Ministry of Energy and Infrastructure issued 3,567 housing support decisions with a total value of AED2.546 billion. These decisions included housing grants, loans, and housing financing solutions.

These efforts contributed to an unprecedented achievement, as the homeownership rate among UAE citizens rose to 91 percent, one of the highest rates globally. The UAE also won, for the first time, the presidency of the United Nations Human Settlements Programme (UN-Habitat) General Assembly and secured membership on its Executive Council.

As for the energy sector, 2025 marked the launch of the Global Energy Efficiency Alliance, which attracted the participation of more than 40 countries and international organisations—an initiative that underscores the UAE’s advanced role in leading global dialogues on reducing consumption and enhancing efficiency.

The year also witnessed the publication of the State of Energy Report 2025, the election of the UAE as a member of the Water Council of the Organisation of Islamic Cooperation (OIC), and the launch of a guidance manual for supporting domestic workers in eight languages to raise community awareness of responsible consumption practices.

The implementation of the National Energy and Water Demand Management Programme 2050 further reaffirmed the ministry’s commitment to reducing energy demand by 42 percent–45 percent by 2050, through a comprehensive portfolio of projects and initiatives spanning the industrial, agricultural, built environment, and transport sectors.

In the infrastructure and transport sectors, the Ministry worked on developing the National Agenda for Addressing Traffic Congestion, which includes a portfolio of national transport and road projects valued at over AED170 billion through 2030.

The Ministry’s plan targets a 73 percent improvement in the efficiency of federal roads over the next five years, through the implementation of the Emirates Road upgrading and capacity enhancement project, with an investment of AED750 million. The plan also includes increasing the capacity of Al Ittihad Road by 60 percent and Sheikh Mohammed bin Zayed Road by 45 percent.

Additionally, the plan includes a feasibility study for the construction of the Fourth Federal Road, extending 120 kilometres with a capacity of up to 360,000 trips per day.

Moreover, the Ministry completed five major transformational projects, which are the humanisation of buildings and their transformation into healthy, well-being–supportive environments, the development of the Green Recycling Yards Project, the advancement of green industrial transformation, the implementation of the Sustainable Farm Irrigation Project, and the recycling of electric and hybrid vehicle batteries.

The UAE also continued to strengthen its global maritime presence by hosting the World Maritime Day Parallel Event and launching the National Maritime Navigation Centre, in addition to being re-elected for the fifth consecutive term to Category “B” membership of the International Maritime Organisation (IMO).

The Ministry also won 41 local, regional, and international awards and obtained 19 ISO certifications, underscoring the maturity of its administrative systems and the quality of its operational processes.

In support of enhanced community engagement, the Ministry held 30 customer council meetings across the Emirates and signed 26 agreements and memoranda of understanding to expand partnerships, knowledge exchange, and amplify the impact of national projects. The year also witnessed the launch of the first fully integrated digital government services centre in Fujairah.

"The year 2025 represents an important milestone in the development journey of the energy, infrastructure, transport, and housing sectors in the UAE," said Suhail Mohamed Al Mazrouei, Minister of Energy and Infrastructure. "We witnessed tangible progress in the implementation of strategic projects that reflect the vision of our wise leadership in building an integrated, more efficient, and sustainable ecosystem capable of supporting economic growth and enhancing quality of life."

"Our efforts have focused on strengthening the readiness of federal infrastructure, improving the efficiency of the energy system, and developing advanced housing solutions that align with the needs of citizens and their future aspirations,” he said.

Al Mazrouei added that the achievements realised in 2025 confirm the Ministry’s ability to translate national plans into concrete, data-driven results by adopting a work model based on effective governance, efficient resource management, and the expansion of local, regional, and international partnerships.”

“We commence 2026 confidently, building on clear results and solid foundations, while reaffirming our commitment to supporting the objectives of the ‘We the UAE 2031’ Vision, on the path toward the UAE Centennial 2071. The Ministry will continue its work to ensure advanced infrastructure, a sustainable energy sector, and flexible housing solutions that collectively enhance the country’s competitiveness and leadership at both the regional and global levels,” he noted.

(WAM) --

Cheap energy and lower food prices drove German inflation down to 1.8 percent in December, the Federal Statistical Office said on Friday as it confirmed preliminary figures published earlier this month.

The December reading brought full-year inflation in 2025 to 2.2 percent, the same level as in 2024, according to the German Press Agency (dpa). However, core inflation, a measure that excludes volatile prices of food and energy, remained high at 2.8 percent in 2025.

Consumer prices rose by 2.2 percent on average last year, the Wiesbaden-based agency confirmed, unchanged from 2024, German Press Agency (dpa) said.

Pressure on household budgets eased in December, with the inflation rate dropping below the European Central Bank's 2 percent target for the first time since September 2024.

While the price of services such as public transport and insurance rose 3.5 percent, food prices were only 0.8 percent higher than in December 2024.

Energy prices were 1.3 percent lower in December 2025 and 2.4 percent lower in the full year compared to 2024.

In addition, higher prices for public transport and a rising minimum wage could drive further inflation next year, the agency said.

(WAM) --

The UAE economy is experiencing accelerated growth, driven by the strong performance of non-oil sectors, high-quality foreign and local investments, flexible economic legislation and labour market incentives, in addition to the stability and security enjoyed by the country.

Umm Al Qaiwain stands as a clear example of the progress and development of the UAE economy, continuing to consolidate its position as one of the country’s most promising economic environments.

Ahmed Obaid Ibrahim Al Ali, Director-General of the Umm Al Qaiwain Chamber of Commerce and Industry, told Emirates News Agency (WAM) that the emirate is experiencing positive momentum in economic activity and the business environment, alongside diversified economic activities and a stimulating investment climate. This, he said, reflects the resilience of the local economy and the readiness of the business environment to support various sectors.

He explained that the chamber’s statistics for 2025 showed a 23.4 percent increase in total memberships, indicating growing confidence among the business community and increased demand for establishing and operating economic activities in the emirate.

He noted that this growth spanned the main economic sectors, with the commercial sector recording a 31 percent increase, the professional sector 23.3 percent and the industrial sector 15.9 percent, reflecting balanced growth and diversity in the emirate’s production base.

Al Ali added that the number of certificates of origin issued during the first half of 2025 increased by nearly 30 percent compared to the same period in 2024, indicating stronger trade movement and increased corporate activity in the emirate.

He stressed that the emirate’s economic momentum is driven by productive, commercial and professional sectors, strengthening investment diversification and the overall business climate.

For her part, Aisha Rashid Laitim, Chairperson of Umm Al Qaiwain Businesswomen Council, said the emirate has witnessed notable growth in the number of business licences issued to women, with businesswomen’s participation in 2025 rising by up to 53 percent compared to previous years.

She said the growth underscores the success of initiatives designed to promote women’s entrepreneurship, strengthen their role in economic development and support investment in the emirate.

Laitim added that over the past three years, the council has implemented several events and exhibitions to empower women entrepreneurs and support small and medium-sized enterprises, contributing to sustainable economic and social outcomes.

Aisha Laitim said the average participation per event ranged from 50 to 70 projects, with the total number of women participants surpassing 300 by the end of 2025.

(WAM) --

Data released on Sunday by the Korea Agro-Fisheries and Food Trade Corporation showed that the value of the Republic of Korea’s agricultural and food exports reached US$10.2 billion last year.

The United States, China and Japan accounted for 46 percent of the Republic of Korea’s agricultural and food exports. The United States ranked first with 17.5 percent, or US$1.8 billion, followed by China at 15.4 percent, or US$1.58 billion, and Japan at 12.7 percent, or US$1.3 billion.

The European Union and the Middle East accounted for 7.5 percent, or US$773 million, and 4 percent, or US$411 million, respectively.

The Republic of Korea is seeking to open new markets, amid growing demand to diversify export destinations for agricultural and food products to enhance export sustainability.

egyptian-gazette

Egypt’s President Abdel Fattah El Sisi necessitated settling the dues of oil and gas companies operating in Egypt and honoring the state’s obligations toward them, in a manner that contributes to increasing domestic oil and gas production.

He also stressed the importance of providing incentives to accelerate and intensify field development, production operations and new exploration activities.

This came during a meeting on Saturday between President Sisi, Prime Minister Moustafa Madbouli and Minister of Petroleum and Mineral Resources Karim Badawi.

Sisi asserted the need to intensify efforts to expand exploration activities and capitalize on successful experiences, underlining the importance of offering further incentives and facilitation measures to investors in the oil, gas and mining sectors.

He said that these steps would help boost investment volumes and increase production to meet Egypt’s growing consumption and development needs.

Presidential Spokesman Mohamed el Shennawy said that the meeting reviewed a number of key files related to the work of the Ministry of Petroleum and Mineral Resources.

These included efforts to implement Egypt’s strategy to become a regional energy hub and a regional center for gas trading, developments in offshore and aerial seismic survey activities and initiatives to expand onshore and offshore oil and gas exploration, the spokesman said.

The discussions also covered plans to diversify gas supply sources and the incentive packages offered to exploration companies, with the aim of making Egypt one of the most attractive destinations for investment in this sector, the spokesman added.

The spokesman added that the meeting also addressed government efforts and coordination between the Ministry of Petroleum and Mineral Resources and the Ministry of Electricity and Renewable Energy to secure Egypt’s gas needs, particularly during the summer of 2026.

During the meeting, the president also followed up on developments in Egypt’s mining sector, including geological reserves and investment indicators in this vital field.

In this regard, Badawi said that Egypt is set to launch, during the first quarter of this year, its first comprehensive aerial survey of mineral resources in 40 years.

The survey aims to update geological data and establish a large database to attract Arab and international mining investments, Badawi said.

The meeting also reviewed a new package of incentives targeting international exploration companies, along with measures to streamline licensing procedures, building on Egypt’s rich geological potential and its integrated infrastructure, according to the spokesman.

english.ahram

The Executive Board of the International Monetary Fund (IMF) is expected to meet board in the first quarter of 2026 to consider the fifth and sixth reviews of Egypt’s Extended Fund Facility (EFF) programme, along with the first review under the Resilience and Sustainability Facility (RSF), the Director of Communications at the IMF, Julie Kozack, told Ahram Online.

Kozack was replying to Ahram Online's question about the expected schedule for the IMF board meeting to pass the three reviews.

The announcement follows a staff-level agreement reached on 22 December between an IMF mission and the Egyptian authorities on the combined reviews.

“We do expect that the board meeting for these combined reviews will take place in the first quarter of this year,” the IMF’s Director of Communications said, noting that a specific date has yet to be confirmed and will be shared once finalized.

In response to a question by Ahram Online on the extent to which global shifts would affect the IMF's estimations and projections for the Egyptian economy in 2026, Kozack explained that the world economy remains in a period of heightened uncertainty, which continues to affect individual countries in different ways.

She noted that the IMF’s upcoming January World Economic Outlook update, scheduled for release next week, provides a comprehensive assessment of global and regional economic trends.

“As part of our engagement with Egypt, our teams are closely monitoring how global uncertainty is affecting the Egyptian economy and its access to financing,” the IMF communications chief said.

She highlighted the decline in traffic through the Suez Canal and its impact on Egypt’s revenues, an issue previously addressed in IMF staff reports. She added that commodity prices, oil prices, and regional developments remain key factors to be observed closely.

IMF teams will continue working with the Egyptian authorities to assess how external shocks and global shifts could influence Egypt’s economic outlook, Kozack told Ahram Online.

english.ahram

A high-level Canadian trade mission organised by the Egyptian Canadian Business Council (CEBC) will begin a five-day visit to Egypt on 17 January, aiming to deepen bilateral economic ties and unlock new investment and technology cooperation opportunities across key sectors

Led by CEBC Chairman Moataz Raslan, the delegation brings together 22 senior Canadian business leaders representing healthcare, real estate, financial services, education, manufacturing, circular economy and immigration services.

The visit comes amid Egypt’s ongoing development drive and efforts to attract higher-quality foreign direct investment, with CEBC targeting an increase in Canadian investments in Egypt to $2.2 billion by 2026.

According to the council, the mission focuses on facilitating direct business-to-business partnerships, localising advanced technologies, and supporting Egypt’s Vision 2030 agenda through sustainable and innovation-driven projects.

Healthcare, real estate and finance in focus

Healthcare and pharmaceuticals will be a central pillar of the mission, with Canadian leaders representing more than 99 percent of Canada’s private pharmacy sector, including executives from Shoppers Drug Mart and OnPharm. Discussions will centre on turnkey preventive healthcare solutions, early screening for diabetes and heart disease, and digital follow-up systems.

In real estate, the delegation will explore transferring Canadian expertise in brokerage systems, Multiple Listing Services (MLS), and customer relationship management platforms, supporting Egypt’s digital transformation in property markets.

Financial services discussions will include Islamic mortgage models and Sharia-compliant financing products, with a focus on regulatory feasibility and financial inclusion.

Sustainability, education and industry

The mission also highlights cooperation in circular economy projects, particularly plastic recycling technologies aimed at converting waste into economic value.

In education, Canadian universities, including the University of Toronto, will seek partnerships with Egyptian institutions to launch simulation-based “University Life Plan” programmes preparing students for international study.

Meanwhile, the furniture and leather industries will explore blending Canadian design with Egyptian craftsmanship, promoting Egyptian wood quality and luxury leather exports to North American fashion markets.

High-level meetings


The delegation is scheduled to meet Foreign Minister Badr Abdelatty to discuss renewable energy, green hydrogen and sustainable agriculture, with a target of boosting Canadian investment by 10 percent.

Meetings are also planned with the General Authority for Investment and Free Zones (GAFI) to review Golden License incentives and electronic incorporation systems, as well as a field visit to the Suez Canal Economic Zone to assess logistics and tax advantages.

An official reception at the Canadian ambassador’s residence in Cairo will mark the formal launch of the mission.

Business matchmaking

B2B meetings will take place on 20 January at the Hilton Grand Nile Towers, covering real estate, healthcare, education, furniture, pharmaceuticals, Islamic banking and brokerage services.

CEBC officials said the mission reflects a strategic shift toward long-term institutional partnerships rather than short-term trade deals, positioning Egypt as a regional hub for Canadian investment in Africa and the Middle East.

The council added that the visit is expected to lay the groundwork for multiple cooperation agreements, joint ventures and technology transfer projects in the coming months.

businesstodayegypt

Morgan Stanley has reiterated its overweight recommendation on Egyptian equities, citing early signs of a return to regular shipping flows through the Suez Canal following improved stability in the Red Sea.

In a research note, the bank said Maersk’s announcement on January 15 marked its first structural return to the trans-Suez route after months of disruption linked to regional tensions.

The move could encourage other major shipping companies to follow, supporting investor sentiment toward Egyptian assets and paving the way for further re-rating of equities.

Maersk is the world’s second-largest shipping company. Morgan Stanley also noted that, according to the Suez Canal Authority, CMA CGM, the third-largest global shipping group, conducted trial sailings through the canal in December 2025, reinforcing expectations of a broader normalisation in traffic.

The bank’s base case assumes a full resumption of regular containership flows by the second half of 2026, which would translate into higher Suez Canal receipts for Egypt and support an improvement in the country’s external balances.

Morgan Stanley said the normalisation of canal traffic would reinforce Egypt’s ongoing macroeconomic recovery. In its 2026 EEMEA Equities Outlook, the bank recommended going overweight Egypt, citing undemanding valuations amid a macro turnaround.

Foreign inflows into Egyptian equities have begun to pick up month-to-date, reaching their highest levels in two years, the note said. In parallel, Morgan Stanley’s CEMEA macro strategists have re-entered long positions in Egyptian pound Treasury bills on an unhedged basis, supported by lower local yields and a stronger foreign exchange backdrop.

Despite a recent re-rating to around 7.4 times forward earnings, Egyptian equities continue to trade at a significant discount to emerging markets, Morgan Stanley added, noting that Egypt currently ranks first on its equities country scorecard.

dailynewsegypt

Edita Food Industries S.A.E. (EFID.CA) announced on Wednesday the finalization of an agreement with Hostess Brands LLC, a subsidiary of The J. M. Smucker Company, to expand its ownership of the HoHos, Twinkies, and Tiger Tail brands to over 45 additional African countries.

The transaction grants Edita exclusive rights to these brands across the entire continent, building on its existing ownership of the trademarks and manufacturing know-how within the Middle East and North Africa (MENA) region. The deal also includes rights to manufacture 11 additional Hostess brands.

The acquisition aligns with Edita’s regional growth strategy to transform these labels into pan-African assets.

“This acquisition marks an important milestone in the evolution of our regional platform and expansion into new attractive markets,” said Eng. Hani Berzi, Edita’s Group CEO. “By extending our ownership of the HoHos, Twinkies & Tiger Tail brands across the rest of Africa, we are building on decades of successful brand development in Egypt and MENA and creating a scalable foundation for future growth.”

Berzi added that the brands have demonstrated an ability to resonate with consumers across cultures, citing Africa as a “compelling next frontier” for their expansion.

dailynewsegypt


Red Sea Container Terminals (RSCT) today announced the official opening of Egypt’s first semi-automated container terminal, located at Sokhna Port on the Gulf of Suez. This new facility marks a significant milestone in Egypt’s maritime development, backed by a 30-year concession agreement with the Egyptian government, reinforcing Egypt’s attractiveness for international trade and investment.

Strategic Gateway at the Crossroads of Continents

Developed by a consortium compromising Hutchison Ports, CMA Terminals (a 100% subsidiary of CMA CGM Group) and COSCO SHIPPING Ports, RSCT serves as a vital gateway linking Asia, Africa, and Europe through the Suez Canal Economic Zone. Strategically located just a few kilometres from the southern entrance of Suez Canal, one of the world’s critical maritime junctures, the terminal is designed to facilitate international shipping and boost transport efficiency for Egyptian importers and exporters.

Operated by Hutchison Ports, RSCT is capable of handling the biggest container vessel afloat. It offers unparalleled access for global shipping lines and optimises trade flow between the East and the West. Integrated with Egypt’s expanding transport network, including direct highway and railway connections to major industrial zones, RSCT facilitates seamless cargo movement across regional and global markets, shortening transit times for imports, exports, and transshipments.

The Grand Opening Ceremony was attended by government officials, including Dr. Mostafa Madbouly, Prime Minister of the Arab Republic of Egypt; Mr. Kamel El-Wazir, Deputy Prime Minister for Industrial Development and Minister of Transport, Trade and Industry; Mr. Walid Gamal Eldin, Chairman of the Suez Canal Economic Zone, together with representatives from shipping lines and industry stakeholders. Guests toured the cutting-edge terminal facilities, witnessing how advanced cargo handling systems set new benchmarks for port operations in Egypt.

During the visit, the distinguished guests expressed satisfaction with the progress and successful completion of the Red Sea Container Terminals project, noting that the launch reflects Egypt’s firm commitment to developing world-class port infrastructure. They highlighted the terminal’s strategic importance in enhancing the competitiveness of the Sokhna Port, supporting industrial and trade growth, creating skilled employment opportunities, and advancing Egypt’s Vision 2030 to position the country as a global logistics and maritime hub.

Mr. Clemence Cheng, Managing Director, Europe, Hutchison Ports, said “The inauguration of Red Sea Container Terminals represents a historic milestone that reflects our profound commitment to Egypt. With an investment exceeding USD 1.8 billion in the country, we recognise Egypt as a pivotal market at the intersection of key global trade routes. Our partnership with the Egyptian government, CMA CGM, and COSCO SHIPPING at RSCT underscores our shared vision for innovation, sustainability, and excellence in logistics.”

Ms. Christine Cabau, Executive Vice President Assets, CMA CGM, stated “As a successful joint-venture between Hutchison Ports, CMA CGM and COSCO SHIPPING, this new terminal in Sokhna combines world-class automated infrastructure with unrivalled North / South rail connectivity between Sokhna, 6th of October in Cairo area and Alexandria. Built for scale and speed, it offers Egyptian exporters and importers a powerful gateway to all global markets, boosting productivity and competitiveness.”

Mr. Zhu Tao, Chairman, COSCO SHIPPING Ports, expressed “At COSCO SHIPPING Ports, we are dedicated to making our global port network better, stronger and more efficient. The grand opening of the Red Sea Container Terminals is marked as an essential pathway for trade, enabling seamless goods movement and strengthening ties between Egypt, China, and the broader global market. I am filled with optimism as we embark on this journey of cooperation and prosperity together.”

A New Benchmark for Port Technology and Sustainability

RSCT establishes a new era of smart and green port operations for Egypt. Situated within the world’s deepest man-made port basin, recognised by Guinness World Records, the terminal features Phase I infrastructure that includes a 1,200-metre berth, a water depth of 18 metres, and an initial handling capacity of 1.7 million TEUs, with plans to expand this to 3.5 million TEUs across 2.6 kilometres of quay.

Equipped with an initial batch of six remote control ship-to-shore cranes and 18 automated rubber-tyred gantry cranes – the first of their kind in Egypt – Red Sea Container Terminals leverages a proprietary Terminal Operating System, nGen for precise and real-time container tracking. The integration of auto-gate operations and data-driven practices enhances efficiency, safety, and the working environment for employees. In alignment with Hutchison Ports’ global sustainability strategy, RSCT employs fully electric-powered cargo handling equipment, including e-trucks and e-reach stackers, significantly reducing carbon emissions.

With a long-standing commitment to innovation and economic growth, Red Sea Container Terminals is positioned to play a crucial role in advancing trade diversification and fostering deeper international cooperation. The development of RSCT epitomises the enduring economic ties between Egypt and its global partners, paving the way for enhanced global trade opportunities.

Company: TAWASOA For Factoring
Symbols: EGS7D231C010
Reuters: TWSA.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.
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Hassan Abdalla, Governor of the Central Bank of Egypt (CBE), said the bank has steadily navigated economic challenges through sustained and disciplined policy efforts.

In the CBE’s annual report, Abdalla noted that, at the domestic level, the bank has remained focused on achieving the ultimate objective of monetary policy—price stability. In this context, the decisions taken by the Monetary Policy Committee (MPC) during its meetings in FY 2023/2024 were fully aligned with inflation developments and forecasts of inflationary pressures.

He pointed out that risks continue to surround the expected inflation path, including the escalation of geopolitical tensions, unfavourable climatic conditions both domestically and globally, as well as the impact of fiscal consolidation measures.

Globally, the financial system witnessed improvement during FY 2023/2024, driven by rising expectations that central banks in major economies would begin cutting key interest rates in the second half of 2024 as inflationary pressures gradually subsided.

Despite widespread monetary tightening to counter inflation, the global economy demonstrated notable resilience. Preliminary estimates indicate that average global growth rose to 2.9% during FY 2023/2024, compared with 2.7% in the previous fiscal year.

Most central banks in advanced economies continued tightening their monetary policies, led by the US Federal Reserve, which raised interest rates by 25 basis points to their highest level in more than 23 years. The European Central Bank also increased interest rates across its main refinancing operations, marginal lending facility and overnight deposit facility to record highs, before cutting them again by 25 basis points in June 2024 for the first time in nearly five years. Similarly, the Bank of England raised its key interest rate to its highest level in 15 years.

Monetary policy trajectories in major emerging economies, however, diverged during the period. The People’s Bank of China continued to cut interest rates, while the Central Bank of Brazil began easing its policy stance. In contrast, the Central Bank of the Russian Federation shifted towards rapid rate hikes, and the Central Bank of Turkey continued raising rates several times to curb sharply rising inflation. Meanwhile, the Reserve Bank of India and the South African Reserve Bank maintained interest rates at elevated levels.

Following the end of the fiscal year under review, the US Federal Reserve cut the federal funds rate for the first time since 2020, reducing it by a cumulative 75 basis points in September and November 2024 to stimulate growth and support the labour market. The European Central Bank also continued to lower its key rates in September and October, while the Bank of England reduced its policy rate twice, in August and November 2024. Conversely, the Bank of Japan continued to raise the interest rate on excess reserves held by financial institutions in July 2024, reaching its highest level since the global financial crisis of 2008.

Against this backdrop, Abdalla stressed that the MPC would not hesitate to deploy all available tools to maintain tight monetary conditions, with the aim of sustainably reducing monthly inflation rates and achieving price stability over the medium term.

Accordingly, the CBE adopted a tightening monetary stance through seven MPC meetings during FY 2023/2024, resulting in a cumulative increase of 900 basis points in key policy rates.

At an extraordinary MPC meeting held on 6 March 2024, the CBE announced that it would allow the exchange rate to be determined by market forces. This move facilitated the elimination of foreign exchange backlogs following the closure of the gap between official and parallel market rates.

As a result, Egypt’s external position witnessed a marked improvement, supported by unprecedented inflows of foreign direct investment and portfolio investments. The decision also contributed to higher remittances from Egyptians working abroad, increased proceeds from non-oil merchandise exports, and stronger tourism revenues. Together, these developments helped rebuild the CBE’s foreign exchange reserves and strengthen banks’ external positions.

Abdalla said the crises and challenges faced globally over the past two years have underscored the resilience of the Egyptian banking system and the CBE’s capacity to support the national economy while fulfilling its core mandate of maintaining monetary and banking stability.

During FY 2023/2024, the aggregate financial position of banks—excluding the CBE—expanded by 40.1%, while key financial soundness indicators remained robust. The capital adequacy ratio, including the capital conservation buffer, reached 18.6% at the end of June 2024, well above the minimum requirement of 12.5%. The financial leverage ratio stood at 7.5%, compared with a mandatory minimum of 3%.

Returns on average assets and equity registered 2.0% and 32.2%, respectively, based on approved FY 2023 figures. The ratio of non-performing loans to total loans and facilities stood at 2.7% in June 2024, with provisions covering 86.2% of non-performing exposures.

Within the framework of strengthening the legislative and regulatory environment and implementing the Central Bank and Banking Sector Law No. 194 of 2020—designed to align with international best practices—the CBE issued several prudential regulations, including a comprehensive licensing and regulatory framework for digital banks. It also extended its directive requiring banks to allocate 25% of their credit facilities portfolio to financing micro, small and medium-sized enterprises (MSMEs).

The CBE, Abdalla noted, remains firmly committed to its leading role in advancing the Sustainable Development Goals and the objectives of Egypt’s Vision 2030. As a result of its financial inclusion initiatives, the inclusion rate rose to 71.5% of the population in June 2024, representing 48.1 million citizens aged 16 and above with active bank accounts.

In parallel, efforts to strengthen digital financial infrastructure led to a sharp increase in the value of instant transfer transactions executed through the Instant Payments Network (IPN), launched in March 2022, reaching approximately EGP 1.8trn in June 2024.

“Lastly, I would like to express my profound confidence in the CBE’s ability to overcome all challenges, supported by its forward-thinking cadres and diverse institutional capabilities,” Abdalla said.

“I also extend my sincere appreciation to all employees of the Central Bank of Egypt for their dedication and hard work. I look forward to continuing our efforts, driven by teamwork and cooperation, to achieve a distinguished position that sets an example for central banks at both regional and international levels.”

Company: Novida for Investment and Technology
Symbols: EGS745W1C011
Reuters: AMPI.CA
Content:
Minutes of the Board of Directors' meeting held on 15/01/2026

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Annual urban headline inflation remained stable at around 12.3% in December 2025, virtually unchanged from November, according to the Central Bank of Egypt (CBE). The annual dynamics of headline inflation continue to be driven primarily by non-food prices, as food inflation has fallen back to its pre-2022 levels.

Annual food inflation declined sharply to 1.5% in December 2025, down from 20.3% in December 2024, although it rose slightly from 0.7% in November 2025. The impact of this increase was limited, as annual non-food inflation eased to 19.5% in December 2025 from 20.2% in November and 26.7% a year earlier.

Annual core inflation declined to 11.8% in December 2025 from 12.5% in November, driven by weaker contributions from core food, retail and services. Monthly core inflation also decelerated to 0.2% in December, compared with 0.8% in November and 0.9% in December 2024, reflecting mainly negative core food inflation.

Monthly urban headline inflation stood at 0.2% in December 2025, broadly unchanged from 0.3% in November and matching the rate recorded in December 2024. This stability reflects broad-based price declines in volatile and core food items, which partially offset increases in services and regulated prices following higher household natural gas tariffs.

At the regional level, annual rural headline inflation rose to 8.3% in December 2025 from 7.9% in November. Meanwhile, annual nationwide headline inflation edged up slightly to 10.3% from 10.0% in the previous month.

Monthly food inflation registered negative 0.7% in December 2025, contributing a negative 0.26 percentage point to monthly headline inflation.

Food inflation drivers

The decline in food inflation during December was driven by several factors. Volatile food prices fell by 1.6%, contributing negative 0.09% to monthly headline inflation, broadly in line with seasonal patterns, albeit more pronounced. Prices of fresh fruits and vegetables declined by 2.3% and 1.0%, respectively.

Poultry prices fell for the third consecutive month, declining by 2.5% and contributing negative 0.11% to monthly headline inflation. Egg prices also dropped by 5.7%, contributing negative 0.09%.

Non-food inflation drivers

Monthly non-food inflation reached 0.8% in December, contributing 0.48% to monthly headline inflation.

Regulated prices rose by 0.6%, contributing 0.12%, mainly due to a 23.0% increase in household natural gas prices—the second hike in 2025—which alone contributed 0.11%. Additional upward pressures stemmed from a modest 0.2% increase in tobacco prices.

Prices of services increased by 0.9%, contributing 0.27% to monthly headline inflation, driven primarily by higher rents and increased spending at restaurants and cafés. Retail prices rose by 0.6%, contributing 0.08%, reflecting increases in clothing and footwear, household cleaning products and personal care items.

Monthly core inflation stood at 0.2% in December 2025, reflecting the combined impact of these developments. Core food contributed negative 0.24% to monthly core inflation, while services and retail items contributed 0.37% and 0.12%, respectively.

Company: Heibco for commercial investments & real estate development
Symbols: EGS23OD1C015
Reuters: HBCO.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.
The Disclosure Form (1,425 KB)

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Egypt’s economic growth rate exceeded 5% during the first quarter of the current fiscal year, Planning, Economic Development and International Cooperation Minister Rania Al-Mashat said.

The announcement followed the disbursement of a €1bn tranche in January 2026 under the European Union’s Macro-Financial Assistance (MFA) programme.5 During a meeting with EU Ambassador Angelina Eichhorst, Al-Mashat confirmed that the ministry is currently coordinating with national authorities to implement reforms required for the second and third tranches of the programme, which are scheduled for disbursement later in 2026.

Al-Mashat stated that the 109 policy measures and procedures implemented under the MFA mechanism are a “central part of the national structural reform programme.” She described the recent funding as “international testimony of confidence” in the structural reforms implemented by the state and a reflection of the strategic relationship between Egypt and the EU.

The minister noted that the growth rate reflects increased contributions from productive sectors, led by industry, telecommunications, information technology, and tourism. She added that indicators for private investment and exports have also improved, which she said demonstrates the success of policies aimed at achieving sustainable and inclusive growth while enhancing the economy’s resilience against regional and international shocks.

The discussions with Eichhorst focused on the economic pillar of the Egypt-EU strategic and comprehensive partnership, including development grant priorities for the 2026-2027 period. The two officials also discussed expanding innovative and mixed financing mechanisms for both domestic and foreign private sectors.

Al-Mashat reviewed the “National Narrative for Comprehensive Development,” which serves as the framework for the state’s efforts to promote sustainable growth through human development investment, structural reforms, and the increased role of the private sector. The framework also aims to improve the efficiency of public investment and link planning with financing and monitoring.

Al-Mashat concluded the meeting by stating the government’s intent to build on current results to support sustainable development and mutual confidence in the path of economic reform.

Company: Act Financial
Symbols: EGS7D5P1C019
Reuters: ACTF.CA
Content:
Notarized minutes of the AGM held on 11/01/2026

AGM Minutes (1,019 KB)

Company: El Kahera El Watania Investment
Symbols: EGS69011C012
Reuters: KWIN.CA
Content:
Decisions of the Board of Directors' meeting held on 15/01/2026

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dailynewsegypt


Hassan El-Khatib, Minister of Investment and Foreign Trade, met with investors operating at the Investment Zone in the city of Banha, Qalyubeya governorate, during a visit aimed at reviewing investment conditions and addressing investors’ needs.

The meeting was attended by Ayman Atiya, Governor of Qalyubeya; Mohamed El-Gosky, Chief Executive Officer of the General Authority for Investment and Free Zones (GAFI); and Yasser Abbas, Deputy CEO of GAFI.

During the meeting, El-Khatib said the state is working to expand the number of investment zones nationwide, noting that these zones are managed by boards of directors that include representatives from all relevant state entities. This governance structure, he explained, facilitates the rapid issuance of licences and decisions, making investment zones a successful model for supporting business activity.

The minister added that the number of staff at investor service offices in the governorates will be increased to simplify procedures and respond more efficiently to investors’ requests. He also highlighted the temporary licensing platform, which currently offers 389 licences aimed at accelerating the issuance of permits required to begin operations.

El-Khatib stressed the ministry’s commitment to resolving any obstacles facing investors and to setting clear timetables for addressing issues, with the objective of providing streamlined services that help investors expand their businesses and increase production.

For his part, Qalyubeya Governor Ayman Atiya affirmed that there is close cooperation and coordination between the Ministry of Investment and the governorate to facilitate procedures for investors and provide the necessary support for the success of their projects.

Atiya also underlined the governorate’s commitment to providing all required services for investors operating within the investment zone, including utilities, road networks, transport links, and other essential infrastructure.

During the meeting, investors outlined their key requirements for expanding their activities, as well as the main challenges they face, particularly in securing financing to increase production and boost exports.

In response, the Minister of Investment and Foreign Trade reiterated that a specific timetable has been set to resolve all issues facing investors, with continuous follow-up to ensure that solutions are implemented.

Investors also noted that the investment zone provides integrated services in a single location, with all relevant authorities represented, helping them save time and effort.

Following the meeting, El-Khatib, accompanied by the Governor of Qalyubeya and the CEO of GAFI, toured an exhibition showcasing products manufactured by factories operating within the Banha Investment Zone.

The Banha Investment Zone spans an area of 46 feddans and includes 60 industrial projects specialising in food and agricultural industries and their complementary sectors. The zone provides more than 2,800 direct and indirect job opportunities.

dailynewsegypt


Egypt’s General Authority for Investment and Free Zones (GAFI) held a roundtable meeting with the Hong Kong Trade Development Council (HKTDC) to explore opportunities for strengthening investment partnerships in the textile and ready-made garments sector.

The meeting was chaired by Mohamed El-Gousky, Chief Executive Officer of GAFI, and attended by Katherine Fang Suk Kwan, Chairwoman of HKTDC’s Garment Advisory Committee, alongside representatives of Egypt’s Apparel Export Council (AEC), a number of Egyptian companies, and leading textile and garment manufacturers from both sides.

El-Gousky said Egypt’s textile and garment sector is among the country’s most competitive industries, supported by a well-established industrial base, accumulated expertise, a highly skilled workforce, and the availability of production inputs and qualified industrial infrastructure.

He noted that these strengths position Egypt as an ideal hub for industrial expansion, the localisation of value-added supply chains, and deeper integration with regional and international markets.

El-Gousky also highlighted the strategic importance of the partnership between Egypt and Hong Kong, describing it as a key driver in reshaping global value chains in the textile industry. He added that Hong Kong serves as a gateway for Chinese and Asian companies seeking overseas expansion, as well as one of the world’s leading financial centres capable of mobilising investment financing.

In this context, he said Egypt represents a strategic gateway to African markets, offering investors access to a vast consumer base and preferential trade arrangements.

El-Gousky further noted that GAFI is working to deepen cooperation with Hong Kong by fostering an open and continuous dialogue platform between the business communities of both sides and by providing a highly attractive and supportive investment environment. He also pointed out that the Egyptian government has established a dedicated unit to attract Chinese investments, offering fast-track services and ongoing support to address investors’ needs and challenges.

For her part, Katherine Fang Suk Kwan said Hong Kong’s economic institutions do not view Egypt merely as a manufacturing base or an attractive investment destination, but as a strategic partner essential to the future of China’s textile and garment industry.

She highlighted Egypt’s progress in developing production chains, strengthening trade relations, and improving compliance with sustainability standards, in addition to its competitive advantages in geographic location, skilled labour, and advanced infrastructure.

Meanwhile, Iris Wong, Director of External Relations at HKTDC, invited Egyptian companies to participate in the Council’s exhibitions and trade events, noting that HKTDC organises around 40 specialised events in the textile and garment sector. These platforms, she said, offer valuable opportunities for Egyptian companies to exchange expertise, establish partnerships, and access new markets, particularly as Egypt is a cornerstone of China’s Belt and Road Initiative.

Sherine Hosny, Executive Director of the Egyptian Export Council for Ready-Made Garments, said Egypt is a natural destination for the expansion of Chinese companies, citing its competitive advantages, including labour availability, developed utilities, streamlined procedures, and preferential trade agreements with major global markets.

She revealed that Egyptian garment exports to the European Union and the United States increased by 97% and 46%, respectively, over the past five years.

The meeting also featured promotional presentations highlighting investment opportunities in Egypt and the range of investment frameworks available to meet investors’ needs, in addition to bilateral meetings between companies from both sides interested in establishing investment partnerships.

dailynewsegypt

Mohamed El-Shimy, Minister of the Public Enterprises Sector, said Egypt is moving steadily towards building a strong, competitive, and sustainable economy anchored in industry, production, exports, and investment, with young people placed at the heart of the development process as a cornerstone of the “New Republic” and the true architects of its future.

El-Shimy explained that the “New Republic”, whose foundations were laid by President Abdel Fattah Al-Sisi, represents a new way of thinking and an integrated vision centred on building human capital, maximising the value of work, optimising the use of state resources, enhancing asset efficiency, and achieving comprehensive and sustainable development. This vision also focuses on industrial localisation and strengthening the competitiveness of the Egyptian economy.

Speaking during his participation in the Akhbar Al-Youm Economic Conference, the minister stressed that the Public Enterprises Sector is a key pillar of the national economy, given its extensive industrial legacy, substantial assets, accumulated expertise, and a qualified workforce and technical base capable of acting as a real engine for industrial and export-led growth.

He noted that the ministry oversees six holding companies operating in strategic sectors, including metallurgy, chemicals, pharmaceuticals, textiles, tourism and hotels, and construction and development. These holding companies supervise 63 affiliated companies, in addition to equity participation in 106 joint ventures, reflecting both the scale of responsibility and the significant opportunities for growth, development, and maximising economic returns.

El-Shimy said the ministry’s strategy is driven by a core objective: achieving the highest possible return on state investments in Public Enterprises Sector companies, increasing their contribution to national output, enhancing their competitiveness locally and internationally, and transforming them into sustainable, growth-oriented economic entities.

He added that this strategy is being implemented through several key pillars, including improving company performance, modernising management and operational methods in line with global best practices, strengthening private sector participation as a key partner for technology and expertise transfer, adhering to international standards for quality, sustainability, occupational safety, and health, and upgrading human capital through continuous training, capacity building, and skills development.

The minister revealed that companies affiliated with the ministry are currently implementing around 157 investment projects across various sectors, with total investments estimated at approximately EGP 184bn, as part of efforts to rebuild and modernise the industrial and service base of Public Enterprises Sector companies. He added that about EGP 32bn has been allocated to environmental and energy projects, including green hydrogen production, renewable energy, energy efficiency improvements, the application of circular economy concepts, and carbon emissions reduction.

These initiatives, he said, are aligned with international environmental standards, support compliance with the EU’s Carbon Border Adjustment Mechanism (CBAM), and enhance the access of Egyptian products to global markets.

On financial performance, El-Shimy confirmed that affiliated companies achieved strong results during the 2024–2025 fiscal year, with total revenues reaching approximately EGP 126bn, marking growth of nearly 20% year-on-year. Net profits amounted to around EGP 24bn, reflecting improved operational efficiency and the success of ongoing development programmes.

In terms of exports, he said total exports by affiliated companies reached approximately $1bn in FY 2024/25, recording growth of 27%. Around 40% of the ministry’s companies export their products to a wide range of markets across Arab countries, Africa, Europe, Asia, and the Americas, underscoring improvements in product quality and international competitiveness.

El-Shimy also praised the role of the Ministerial Committee for Industrial Development, chaired by Kamel El-Wazir, describing it as a successful model of inter-ministerial coordination that helps address industrial challenges, accelerate project implementation, and unify policies supporting production and industrial localisation.

He highlighted several major projects currently under way to deepen industrial capacity and boost exports, including the national project to develop the spinning and weaving industry across seven companies nationwide, the development of fertiliser production at affiliated companies, the upgrading of pharmaceutical production lines in line with global Good Manufacturing Practice standards, the localisation of active pharmaceutical ingredients and biological products, and major expansion projects at Egypt Aluminium Company.

The minister reviewed a number of notable success stories involving the revival of idle assets and the restart of factories that had been out of operation for years. These include the return of El Nasr Automotive Manufacturing Company to production under a modern industrial vision; the reopening of the Egyptian Carbon Anode Blocks Company to support the aluminium industry and exports; the revival of El Nasr Pharmaceutical Chemicals Company; the restart of the ferrosilicon plant at KIMA in Aswan; and the rehabilitation of historic and tourism assets such as the Continental Hotel in Cairo, the Cotton Palace in Alexandria, and the Granada Palace.

El-Shimy affirmed that the Public Enterprises Sector offers promising investment opportunities across industry, energy, tourism, real estate development, and logistics services. He pointed to successful partnership models with local and foreign private sector entities that have attracted new investments, facilitated technology transfer, improved operational efficiency, and created sustainable job opportunities, stressing the ministry’s openness to expanding such partnerships.

In closing, El-Shimy reaffirmed that the youth of the New Republic are the primary partners in the development journey and the drivers of Egypt’s industrial and economic future. He expressed his appreciation to Akhbar Al-Youm for organising the conference and thanked all participants, expressing his hope for Egypt to remain strong through its industry, competitive through its exports, attractive through its investments, and driven by the hands and minds of its people.

Company: Egyptian Arabian(Themar)Comp. For Securities&Bonds Brok. EAC
Symbols: EGS681D1C010
Reuters: EASB.CA
Content :
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Egypt and Bosnia and Herzegovina signed several cooperation agreements on Saturday, including protocols to enhance diplomatic training and bilateral relations, as the two nations move to boost trade and tourism links.

The deals were signed following political consultations in Cairo between Egyptian Foreign Minister Badr Abdelatty and his Bosnian counterpart, Elmedin Konaković. The agreements include a memorandum of understanding (MoU) between Egypt’s Institute for Diplomatic Studies and the Bosnian foreign ministry, alongside a general protocol for cooperation across various fields.

Abdelatty emphasised the need to activate a joint committee for economic cooperation and establish a business council to facilitate investment in renewable energy, transport, agriculture, and education. He also called for the launch of direct flights between Cairo and Sarajevo to provide “impetus” to mutual tourism, building on an MoU for tourism promotion signed in August 2025.

During the talks, Abdelatty highlighted the “promising opportunities” in the Egyptian economy, citing investment incentives for foreign investors and Egypt’s strategic position as a hub for European, African, and Asian markets.

The ministers also addressed regional conflicts, specifically the situation in the Gaza Strip. They discussed the implementation of the second phase of US President Donald Trump’s peace plan, calling for the deployment of an international stabilisation force to monitor a ceasefire and ensure the withdrawal of Israeli forces. They also stressed the importance of the Palestinian technocratic committee beginning its work to facilitate recovery and reconstruction.

On Sudan, Abdelatty reaffirmed Egypt’s support for state stability and called for a humanitarian truce to allow for a comprehensive political process. He also addressed the Horn of Africa, stating that Israel’s recognition of “Somaliland” violates international law and undermines regional stability.

Konaković expressed his country’s appreciation for Egypt’s role in regional security and affirmed Bosnia and Herzegovina’s commitment to strengthening economic and investment ties.

dailynewsegypt

Meska AI convened industry leaders, investors, and startups at the “Meska Spark Vol.2” conference on Friday at the Creativa Innovation Hub, urging the creation of a sustainable collaborative ecosystem to advance AI in Egypt.

Co-founders Nabil Khalifa and Omar El Monayar emphasized the need for enterprise-ready solutions and broader stakeholder alignment to achieve long-term impact. The event featured panels on building AI entrepreneurs, investment criteria, and corporate AI adoption, drawing speakers from major players including Valu, Huawei Cloud, and Wuzzuf.

A key highlight of the conference was the signing of a strategic cooperation agreement between Meska AI and PTS Holdings. The partnership aims to support entrepreneurs through investment opportunities via PTS’s network—which includes entities like WE and Alpac—and grants Meska graduates access to the PTS Venture Studio for operational support and strategic mentoring.

The event concluded with industry-led recommendations prioritizing clear business models and real customer value over technological novelty. The gathering also featured startup pitch rounds and matchmaking sessions supported by Huawei Cloud to foster direct collaboration between startups and technical mentors.

Company: Zahraa Maadi Investment & Development
Symbols: EGS21171C011
Reuters: ZMID.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.
The Disclosure Form (1,906 KB)

Company: Egyptian Gulf Bank
Symbols: EGS60182C010
Reuters: EGBE.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.
The Disclosure Form in Arabic (1,551 KB)
The Disclosure Form in English (1,664 KB)

Company: El Kahera Housing
Symbols: EGS65071C010
Reuters: ELKA.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.
The Disclosure Form in Arabic (2,286 KB)
The Disclosure Form in English (3,234 KB)

Company: Egyptian Media Production City
Symbols: EGS78021C010
Reuters: MPRC.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.
The Disclosure Form (1,911 KB)

Company: T M G Holding
Symbols: EGS691S1C011
Reuters: TMGH.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.
The Disclosure Form in Arabic & English (3,116 KB)

Company: Fawry For Banking Technology And Electronic Payment
Symbols: EGS745L1C014
Reuters: FWRY.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.
The Disclosure Form in Arabic (1,336 KB)
The Disclosure Form in English (1,605 KB)

Company: El Ezz Porcelain (Gemma)
Symbols: EGS3C071C015
Reuters: ECAP.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.
The Disclosure Form (3,466 KB)

egyptoil-gas

Khalda Petroleum, General Petroleum Company (GPC) and Disouq Petroleum Company (DISOUCO) have successfully drilled a number of productive wells across their concession areas in the Western Desert, Eastern Desert, and Nile Delta, adding around 47 million cubic feet of gas(mncf/d) and 4,300 barrels (bbl/d) of oil and condensates to the national output.

The drilling operations, which include five fresh exploration wells, come as part of the Ministry of Petroleum and Mineral Resources (MoMPR)’s strategy to raise production and intensify drilling and exploration programs, according to a statement by the ministry.

Khalda Petroleum, a joint venture between the Egyptian General Petroleum Corporation (EGPC) and Apache Corporation, reported three new oil and gas discoveries: WKAN-X W-2X in West Kanayes, TAYIM W-13X in West Kalabsha, and TUT-29 (ST1) in the Khalda development. Testing showed an output of approximately 2,550 bbl/d of oil and condensates, as well as 29 mncf/d of gas, with plans to bring the wells onstream soon while continuing reserve evaluation.

In the Nile Delta, DISOUCO, in partnership with Harbour Energy, drilled the appraisal well Az-2, confirming a 23-meter gas-bearing sandstone layer in the Abu Madi reservoir. The earlier Az-1 discovery has already been tied in, producing 10 mncf/d of gas and 500 barrels of condensate daily, with preparations underway to connect Az-2 to the production infrastructure.

Meanwhile, GPC, wholly owned by the Egyptian Petroleum Corporation(EGPC), successfully brought new wells online in both the Western and Eastern Deserts, with production coming at 8 mncf/d of gas and over 1,250 bbl/d of oil and condensate. Notably, the GPR-3 well was tied in to the Abu Sennan condensate separation station within just two days, marking the first output from the Bahariya formation in the new GPR field. In the Eastern Desert, the Kharaza-5 well was added with 1,000 bbl/d. This came as a result of seismic surveys conducted by United Energy.

These achievements underscore Egypt’s ongoing efforts to expand exploration, accelerate development, and strengthen energy security through domestic production, noted the statement.

egyptoil-gas

Minister of Petroleum and Mineral Resources, Karim Badawi, met with a high-level delegation from Italy’s energy giant Eni to review the company’s operations in Egypt and discuss plans to drill new natural gas wells in the Mediterranean.

Discussions focused on the execution of current projects and the timeline for increasing gas and crude oil output from Eni’s concessions in the Mediterranean and Western Desert. The meeting also explored ways to leverage Eni’s technical expertise and advanced technologies to enhance the efficiency of existing wells.

The delegation included Diego Portoghese, Head of North Africa and Levant, Francesco Gaspari, General Manager of the International Egyptian Oil Company (IEOC), Eni’s Egyptian subsidiary, and Mahmoud Abou El-Yazid, Deputy General Manager of Eni in Egypt.​

Minister Badawi emphasized Egypt’s commitment to providing all necessary support for foreign partners, noting that Eni’s continued investment reflects the strength of the strategic partnership and mutual trust. He highlighted ongoing cooperation on linking Cypriot gas fields to Egypt’s infrastructure as part of efforts to secure supplies and boost production. Egypt and Cyprus are collaborating on a project that would see gas from the Cypriot offshore field Cronos, co-operated by Eni and TotalEnergies, exported to Egypt for liquefaction and re-export to Europe.

Portoghese reaffirmed Eni’s role as a key partner to Egypt’s petroleum sector, stressing the company’s plans to intensify activities and expand its footprint to help meet national production targets. He praised the close coordination with the ministry in implementing investment and operational programs efficiently, ensuring the sustainability of related initiatives.

The meeting was also attended by Salah Abdel Karim, CEO of the Egyptian General Petroleum Corporation (EGPC), and Mahmoud Abdel Hamid, Executive Managing Director of the Egyptian Natural Gas Holding Company (EGAS).

The company contributes approximately 40% of Egypt’s natural gas production through several major assets, including the Zohr gas field in the Shorouk concession and the Baltim fields offshore the Mediterranean.

Eni has committed to investing $8 billion over the next five years to develop existing fields and conduct further exploration activities.

Company: Act Financial
Symbols: EGS7D5P1C019
Reuters: ACTF.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.
The Disclosure Form (290 KB)

egyptoil-gas

President Abdel Fattah El-Sisi met with Prime Minister Mostafa Madbouly and Minister of Petroleum and Mineral Resources Karim Badawi to review key files related to Egypt’s energy and mining sectors.

The meeting focused on the ministry’s efforts to advance Egypt’s strategy of becoming a regional hub for energy and gas trading. Discussions covered the progress of seismic surveys by land, air, and sea, as well as plans to expand oil and gas exploration both onshore and offshore. The talks also included diversifying gas supply sources and offering incentives to exploration companies to strengthen Egypt’s attractiveness to global investors, according to the presidential Spokesperson, Ambassador Mohamed El-Shenawy

The President was briefed on the coordination between the petroleum and electricity ministries to secure gas supplies for the summer of 2026. He also reviewed developments in Egypt’s mining sector, including geological reserves and investment indicators.

Minister Badawi stated that Egypt will launch its first comprehensive aerial survey of mineral resources in 40 years during the first quarter of 2026, aiming to update geological data and establish a robust database to attract regional and international investment.

Badawi also briefed the president on the results of his participation in the fifth International Mining Conference held in Riyadh from January 13–15, where he highlighted Egypt’s legislative reforms to attract investors, global competitive models for gold and mineral exploitation, and new incentive packages designed to ease licensing procedures.

President El-Sisi directed continued commitment to settling dues owed to oil and gas companies operating in Egypt, stressing that honouring obligations will boost local production and encourage new field development. He emphasized intensifying exploration efforts, learning from successful projects, and expanding incentives for investors in oil, gas, and mining to increase output and meet Egypt’s growing consumption and development needs.

tadawul

Element List Explanation
Date of the Previous Announcement 2026-01-13 Corresponding to 1447-07-24
Hyperlink to the Previous Announcement Click Here
The Misstatement in the Previous Announcement Dividends Yield Percentage 17.24%
The Correction of the Misstatement Dividends Yield Percentage 8.62%
The Resulted Impact From The Misstatement No impact since Arabic version is correct, English was translated incorrectly.

tadawul

Element List Explanation
Introduction Alqemam for Computer Systems Co. announces its intention to offer Saudi riyal-denominated Murabaha Sukuk under the (Murabaha Sukuk Program).
The Company has also appointed Afaq Financial Company as the Sole Arranger for the purposes of establishing, issuing, and offering the Sukuk.

Offer Type Saudi riyal-denominated Sukuk offered through an offering via the electronic platform of Afaq Financial Company, which is licensed by the Capital Market Authority to offer and invest in debt instruments.
Date of the board’s decision 2026-01-13 Corresponding to 1447-07-24
Value of the offer The program size is ten million (10,000,000), to be offered in 20 tranches, with the first tranche having a value of SAR 500,000.
The Purpose of the offer Supporting the Company’s projects.
Approvals none
Additional Information The offering prospectus for the Sukuk offering can be viewed through the website of Afaq Financial Company.
The Company emphasizes the importance of carefully and fully reading the offering prospectus before making any investment decision related to subscribing to the Sukuk.

This announcement does not constitute an invitation or an offer to purchase, own, or subscribe to any securities. The Company will announce any other material developments in due course in accordance with the relevant laws and regulations.