EGX 30 rises 0.40% as Telecom Egypt drops RDH transaction
The EGX 30 closed up 0.4049% at 53,633.9 on July 27, after a 0.95% decline a day earlier, according to market data and a July 26 market report. Telecom Egypt said on July 20 it would not proceed with the proposed RDH transaction with Helios Investments, while W.Media reports it plans to carve out its data center business. Cleopatra Hospital expects 31% year-on-year revenue growth in the second quarter of 2026, according to TradingView. Elsewedy Electric signed industrial land agreements with 7 Egyptian investors in Tanzania on July 20, according to Zawya.
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EGX 30 rises 1.52% as Elsewedy, Orascom and Abu Qir drive gains
The EGX 30 closed up 1.5157% at 52,273.3 points on October 15, with industrial and fertilizer names underpinning the move. Elsewedy Electric drew attention after a joint venture secured a $2.2 billion EPC contract for the Rabigh 2 IPP expansion in Saudi Arabia, according to IndexBox and Business Insider Africa. Abu Qir Fertilizers reported 86% growth, while Orascom Construction rose 3% on EGP 431.6 million in turnover, according to ad-hoc-news.de and an October 14 analyst note. Emirates NBD Egypt also signed a distribution agreement with EFG Hermes covering 2 equity funds, Arab Finance reported, while Cleopatra Hospital's capital increased to EGP 733.9 million and 5 analysts maintained Outperform ratings, according to ad-hoc-news.de.
Title: Cairo For Investment And Real Estate Developments ?CIRA Education (CIRA.CA) - Disclosure Form for the BoD & the Shareholders' Structure