EGX 30 falls 1.59% as TMGH draws EGP 1.18 bln

The EGX 30 closed down 1.5883% at 51,936.8 points on May 20, while TMGH drew EGP 1.18 billion despite the broader decline, according to Bourse du Caire. BankDhofar signed a strategic agreement on May 19 with Talaat Moustafa Group to support business growth, ZAWYA reported. Trojan Construction Holding and Orascom Construction formed a joint company, Everwater, on May 18, according to TradingView. Elsewedy Electric will distribute a $0.03-per-share cash dividend for 2025, ZAWYA said, while SWDY.CA published EGM resolutions on May 20.