EGX 30 flat as EFG Hermes completes second Valu share sale

The EGX 30 closed at 51,962.4 on April 22, down a marginal 0.0287%. EFG Hermes completed advisory work on a second Valu share sale through an accelerated bookbuild, according to ZAWYA, with no further deal size disclosed in the headline. In industry, Abu Qir Fertilizers, AlexFert, Orascom Construction, UEG and Valmore signed an MoU for a 500 MW green hydrogen hub in Alexandria, according to SolarQuarter. April 22 filings also included 5 bond coupon notices, 2 AGM or OGM-related releases, 1 regulatory response from Heliopolis Housing and 1 annual result from National Printing.