Elsewedy commits $200 mln as EFG Hermes closes EGP 239 mln securitization

The EGX 30 fell 0.11% to 51,710.9 on June 24, while corporate news centered on industry and finance. Elsewedy Electric launched 3 strategic industrial projects with $200 million of investments, according to ZAWYA. EFG Hermes completed advisory work on Premium’s EGP 239 million securitized bond issuance, according to ZAWYA via TradingView. Regulatory flow stayed active with 10 issuer filings, including board decisions, AGM minutes and 1 AGM invitation.