Pre-Trading Thoughts

Saudi players have been signaling interest in possibly expanding their investment footprint in Egypt. Saudi companies could raise their investments in Egypt by as much as USD15 billion over the next four years to USD50 billion.

Batterjee Holding has earmarked USD200 million to invest in Egyptian real estate and industry. Batterjee mentioned the pharma, food, building materials, and plastics industries as target sectors. 

An Egyptian-Saudi real estate fund could be in the cards. The fund could, if formed, manage a portfolio of investments under the purview of the New Urban Communities Authority (NUCA) and the Tourism Development Authorit

Increasing Qatari investor appetite for Egypt was high on the agenda of President El Sisi’s trip to Doha, with the President meeting with senior government officials that included the country’s prime minister, foreign affairs minister, finance minister, foreign trade minister and leaders in the business community to stress the investment case for Egypt.

The Prime Minister directed the Ministry of Investment to reconstitute the Egyptian-Qatari Business Council, which had been inactive since 2014.

The Tourism Ministry is setting up a tourism-focused investment platform.

Cheiron Energy aims to kick off operations at West El Burullus gas field by 3Q25, with the goal of adding 50 million cubic feet per day (mcf/d) to its production output.

EFIC approved cash dividend distribution of EGP1.09/share (DY 0.7%) to be distributed over three equal tranches on 30 April, 20 August, and 30 September 2025. 

MFPC general assembly approved cash dividend distribution of EGP3.50/share (DY 8%) for 2024, distributed over 2 tranches. The assembly also approved bonus share distribution of 0.379 share for every original share. 

SKPC general assembly approved cash dividend distribution of EGP1.00/share (DY 5%) for 2024. The assembly also approved the distribution of 226.8 million bonus shares at a rate of one share for every four held.

SUGR’s general assembly approved cash dividend distribution of EGP3.50/share for FY24, implying payout ratio of 34.5% and dividend yield of 7.3%.

Arla Foods delayed its plans to submit a mandatory tender offer (MTO) to acquire DOMT due to its inability to wrap up legal, financial, and technical due diligence while DOMT is in the midst of a spin-off process.

BTFH has completed its capital increase, bringing its total paid-in capital to EGP21.4 billion. The capital increase was 98% covered, raising EGP10.5 billion. 

HRHO subsidiary, EFG Corp-Solutions, intends to issue short-term bonds worth EGP1.5 billion by the end of 2Q25.

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