Telecom Egypt drops RDH deal as EGX 30 slips 0.11%

The EGX 30 closed at 53,931.9, down 0.1069% on July 22, in a session shaped by corporate updates. Telecom Egypt said on July 20 it will not proceed with the proposed RDH transaction with Helios Investments, according to WebWire, while W.Media reported the company now plans to carve out its data center business. Elsewedy Electric signed industrial land agreements with 7 Egyptian investors in Tanzania, according to Zawya, highlighting regional expansion. Regulatory flow remained active with 10 filings on July 22, including periodic disclosures from EXPA, NileSat, Fawry and E-Finance, alongside a cash dividend declaration from ACAMD.