Good morning, and welcome to Telda Lens — your daily pulse on Egypt’s markets.

Today: A USD 1 bn project by a subsidiary of Elsewedy Electric, new financing for Sodic, + more earnings updates

🔔 EGX30 ended +1.27% by market close at 40,039 points, the EGX70 rose +0.67% to 12,244 points, and the EGX100 also increased 0.74% to reach 16,223 points.

💸 The number of transactions reached 122,168 spread across 2,297,394,980 stocks leading to a turnover of EGP 5.1 billion.

🏷️ Regional investors were the only net sellers.

📈 Top gainers for the market as a whole included Subscription Rights Of Macro Group Pharmaceuticals (+13.49%), A Capital Holding (+13.07%), and Misr Beni Suef Cement (+8.36%).

📉 Top losers for the market included Credit Agricole (-4.11%),East Delta Flour Mills (-3.89%), and Egyptian Media Production City (-3.60%).

⬆️ Top gainers for EGX30 included Egypt Aluminum (+4.9%), Arabian Cement (+4.8%), and Beltone Holding (+4.1%).

⬇️ Top losers included Credit Agricole (-4.11%), Qalaa Holdings (-1.8%), and Juhayna (-1.8%).

Other Important Stats: 

🧈 24K Gold reached EGP 6,489 per gram, up 6.80% month-on-month.

💲 The USD reached EGP 47.6 at the National Bank of Egypt.

💰 Elsewedy Industrial Development , a subsidiary of Elsewedy Electric (SWDY), has partnered with CJN to build a USD 1 billion phosphate-chemicals hub in the Sokhna 360 industrial city, which is set to become one of the region’s largest. (Read more in our Deeper Look section.)

🏘️SODIC (OCDI) secured a EGP 3 billion revolving credit facility from Banque Misr, providing a four-year funding line to support its ongoing construction projects and operational needs. The arrangement gives the real estate developer greater flexibility in managing cash flow and ensures that project schedules stay on track. Sodic’s share value is up 10.74% since the beginning of 2025.

👀 The board of Zahraa Maadi Investment and Development (ZMID) reviewed a letter of intent from investors Ahmed Tarek and Mohamed Farouk (hosts of Shark Tank Egypt) to acquire 90% of the company at EGP 6.95 per share. The offer is still conditional on agreements with major shareholders, due diligence, and regulatory approvals, with the implied transaction value standing at around EGP 6.3 billion. If the investors move forward, a formal acquisition file must be submitted to the FRA before an independent financial advisor can assess a fair share price. For context, the company’s share value is up almost 85% since the start of the year. 

📝 Abu Qir Fertilizers (ABUK) has appointed McKinsey & Company to develop a strategic plan aimed at boosting productivity, cutting energy use, reducing carbon emissions, and exploring new profitable products. The company’s share value is down almost 6% since the start of the year.

In earnings news:

⬇️ Pioneers Properties for Urban Development (PRDC) posted a 55% year-on-year  drop in net profit in the first nine months of 2025, accumulating EGP 663.4 million. However, revenues rose to EGP 4.7 billion from EGP 3.92 billion in the same period of 2024. The company’s share value is up 30% since the start of the year.

📉 Gadwa for Industrial Development (GDWA) reported a 58% year-on-year drop in net profit in the first nine months of 2025, bringing in EGP 648.37 million. Revenues fell to EGP 12.26 billion from EGP 14.43 billion in the same period a year earlier. The company’s shares are up 13.69% year-to-date.

👇 Electro Cable Co (ELEC) reported a 60% year-on-year drop in net profit in the first nine months of 2025, bringing in EGP 526.5 million. Revenues fell to EGP 8.59 billion from EGP 10.67 billion in the same period of 2024. The company’s share price is down almost 2% since the start of 2025. 

⬆️ Giza General Contracting (GGCC) reported a 321% jump in net profit in the first nine months of 2025, accumulating EGP 140.1 million. Revenues rose to EGP 712 million from EGP 687.69 million. The company’s share value is up over 48% since the start of the year.

📈 Egypt’s economy grew 5.3% in Q1 of FY 2025-2026, up from 3.5% in the same period last year, with real GDP reaching EGP 2.34 trillion, a 4.9% year-on-year rise. Growth was led by non-oil manufacturing and ICT ( both up 14.5%), tourism (13.8%), financial services (10.2%), and the Suez Canal (8.6%), while social services, electricity, and construction also contributed. This follows FY 2024-2025, when the economy grew 4.4%, up from 2.4% the previous year.

💵 The Suez Canal Economic Zone, led by Walid Gamal El-Din, signed a MoU with Transcargo International to conduct studies for a 676-meter multipurpose terminal at Sokhna Port, including 335,000 sqm of back-of-house space. Both sides also agreed on  a 18-month usufruct agreement allowing immediate operation of 47,320 sqm for general cargo and dry bulk. The partnership aims to boost port efficiency, strengthen links with industrial zones, and support Egypt as a regional trade and logistics hub.

Elsewedy Industrial Development, a subsidiary of Elsewedy Electric (SWDY), has signed an agreement with China’s CJN  to develop a USD 1 billion phosphate-chemicals industrial park in the Sokhna 360 zone. Expected to be among the largest of its kind in the Middle East, the park will cover about 950,000 square meters and create roughly ten thousand jobs.

Geared for export:

The park’s production will be exported to markets in South Asia, the Middle East, Africa, and South America. The first phase will also include a research and development center focused on advancing phosphate-based chemical technologies.

The project will be rolled out in three phases:

Phase one, starting in 2026 with operations in 2028, will produce phosphoric acid and DAP/TSP fertilizers, each with an annual capacity of three hundred thousand tons.

Phase two, from 2029 to 2031, will focus on higher-purity phosphate products such as purified phosphoric acid for industrial and food use and potassium dihydrogen phosphate.

Phase three, running from 2032 to 2034, will expand into new-energy materials, including electric-battery components like lithium iron phosphate and lithium dihydrogen phosphate.

Remember, Elsewedy’s companies have been making moves:

Earlier this month, Elsewedy Industrial Development also partnered with Xinmin Glass Egypt Co. Ltd to build a glass manufacturing plant also in Sokhna 360. The facility spans 163,000 square meters, with initial investments over USD 30 million and total costs expected to reach USD 70 million across three phases. The plant will produce over 516 million pieces annually.

And last week, Elsewedy Electric Saudi Arabia opened a USD 40 million factory in Riyadh, adding a new production base for cable accessories and fiberglass poles. The company has investments above USD 250 million in the Kingdom, with another USD 150 million in potential projects currently being evaluated

Stay curious, stay invested — we’ll see you tomorrow.

Your daily market lens, signing off.