EGX 30 falls 1.07% as dividends and $190 mln deal shape flow

The EGX 30 fell 1.07% to 51,813.4 on April 20, with dealmaking and dividend news driving the session's corporate backdrop. EFG Hermes concluded advisory work on Valu's accelerated bookbuild, according to ZAWYA, after also advising on a $190 million investment in Alameda Healthcare, Gulf Business reported. On the income side, Telecom Egypt will pay an EGP 1.5-per-share 2025 dividend on April 30, according to Arab Finance and Investing.com, while Cleopatra Hospital's general meeting approved a 2025 cash dividend, according to ZAWYA. In ownership moves, NNS City raised Nassef Sawiris' stake in Orascom Construction to 43.39%, Financial Afrik reported, while Talaat Moustafa Group is set to build a $27 billion city east of Cairo, according to CNBC.