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

Today: Credit Agricole’s profits slipped, Beltone denied wrongdoing after a CBE-related fine halted its shares, and Tawasoa gears up for its IPO next week.

🔔 EGX30 ended -0.20% by market close at 38,229 points, the EGX70 dropped 0.31% to 12,079 points, and the EGX100 also fell 0.07% to reach 15,915 points.

💸 The number of transactions reached 116,616 spread across 1,799,395,486 stocks leading to a turnover of EGP 4.68 billion.

🏷️ International investors were the only net sellers.

📈 Top gainers for the market as a whole included A Capital Holding (+10.89%), Suez Canal Bank (+8.35%), and Saudi Egyptian Investment & Finance (+8.01%).

📉 Top losers for the market included Arab Pharmaceuticals (-10.0%), El-Nile Co. For Pharmaceuticals And Chemical Industries (-9.67%), and Delta Sugar (-6.22%).

⬆️ Top gainers for EGX30 Egypt Aluminum (+5.6%), Emaar Misr (+4.0%), and ADIB (+3.9%).

⬇️ Top losers included E-finance (-1.5%), Beltone Holding (-1.3%), and Raya Holding (-1.0%).

Other Important Stats: 

🧈 24K Gold reached EGP 6,188 per gram, up 1.41% day-on-day and up 5.73% month-on-month.

💲 The USD reached EGP 47.26 at the National Bank of Egypt.

💸 Credit Agricole Egypt (CIEB) reported a 15.5% year-on-year drop in net profit to EGP 5.14 billion for the first nine months of 2025, down from EGP 6.08 billion a year earlier. Net interest income also slipped to EGP 8.04 billion from EGP 8.21 billion, according to the bank’s filing to the EGX. The company’s share value is up 7.52% since the start of the year.

🛢️Alexandria Mineral Oils Company (AMOC) posted a 4% year-on-year decline in first-quarter net profit to EGP 459.6 million, down from EGP 479.1 million a year earlier, while sales rose to EGP 11.24 billion from EGP 8.88 billion. AMOC’s stock value has dropped 4.88% since the beginning of 2025.

🐔 Sharkia National Food (SNFC) swung to a net profit of EGP 527.1 thousand in the first nine months of 2025, compared to a net loss of EGP 1.46 million a year earlier. Net sales, however, fell to EGP 12.85 million from EGP 14.56 million. The company’s share value is up 55.83% since the start of the year.

🍞 Alexandria Flour Mills (AFMC) posted a net profit of EGP 15.489 million after tax in the first quarter of fiscal year 2025/2026, up 1.02% from EGP 15.333 million in the same quarter last year, Hapi reported. Revenue also rose 17.28% to EGP 100.707 million, compared with EGP 85.871 million in the same period of the previous year. It is worth noting that the company’s share price has surged 183.82% since the start of the year.

🛑 Beltone Holding (BTFH) shares were briefly halted yesterday on the EGX after reports that the Central Bank of Egypt fined several banks over loans to the company. Beltone denied any wrongdoing, saying all transactions comply with CBE rules and its finances are sound. FABMisr reportedly received an EGP 1 billion fine, the largest of its kind in Egypt, while other banks faced smaller penalties. Beltone shares closed down 1.3% at EGP 3.09.

💰The EGX announced that Qalaa Holdings (CCAP) has submitted documentation to raise its authorized capital from EGP 10 billion to EGP 50 billion. The filing also includes a plan to increase the company’s issued and paid-up capital from EGP 9.1 billion to EGP 21.132 billion distributed over 2.406 billion shares at a par value of EGP 5 per share, including 608.25 million preferred shares and 1.798 billion ordinary shares. The increase will be financed through EGP 395 in cash and EGP 12.03 billion from creditor balances.

👀 Tawasoa For Factoring (TWSA) will launch its IPO next Sunday on Egypt’s SME exchange, offering 25% of its shares at EGP 1.73 each to raise around EGP 32.4 million. The company plans to use the proceeds, along with a planned EGP 40 million capital increase, to expand its factoring portfolio, grow locally, and introduce new financial products including Islamic factoring. (Read more in our Deeper Look section.)

October 30, 2025 (today):

Sidi Kerir Petrochemicals (SKPC) - dividend distribution date for EGP 0.50 per share. The record date was May 26.

Arab Drug Co (ADCI) - dividend distribution date for EGP 8.33 per share. The record date was Monday, October 27.

Oriental Weavers (ORWE) - dividend distribution date for EGP 0.60 per share. The record date was April 27.

November 2, 2025:

El-Nile Co. For Pharmaceuticals And Chemical Industries (NIPH) -  dividend distribution date for EGP 2 per share. The record date was Tuesday, October 28.

November 3, 2025:

North Cairo Mills (MILS) - dividend record date for EGP 3 per share. The distribution date is Thursday, November 6.

Middle Egypt Flour Mills (CEFM) - dividend record date for EGP 5 per share. The distribution date is Thursday, November 6.

Misr Chemical Industries (MICH) - dividend record date for EGP 2 per share. The distribution date is Thursday, November 6.

Alexandria Pharmaceuticals and Chemical Industries (AXPH) - dividend record date for EGP 62.95 per share. The distribution date is Thursday, November 6.

🌎 A new Arab Alliance for Industrial Development has been formed by Egyptian and regional players to launch projects worth over USD 1 trillion across the Arab world, alliance head Mohamed El Bahy told EnterpriseAM. He said the group — which includes Premium Healthcare Group, Kandil Steel, Emdad Steel Industries, Al Ain Salines, and Petra Real Estate — will finalize registration this week before starting operations in Libya, Iraq, Oman, and Gaza, backed by USD 250 million raised for the first phase. The alliance aims to promote Egyptian exports, streamline cross-border trade, and manage operations through regional offices and a dedicated digital platform.

🏗️ Egypt’s Ministry of Transport plans to build a 318-acre integrated logistics hub in the New Administrative Capital, with an estimated investment of around USD 100 million, to be executed by a private company, according to three government sources speaking to Asharq Business on condition of anonymity. The ministry aims to fast-track the project alongside the new high-speed rail line, using direct contracting based on standards applied in previous dry

Tawasoa For Factoring (TWSA) will launch its initial public offering next Sunday, November 2, on Egypt’s NILEX exchange for small and medium enterprises, running through November 6, the company announced. The listing covers 25% of its shares — about 18.75 million shares — at EGP 1.73 per share, aiming to raise EGP 32.4 million in total.

Following the IPO, the company plans to raise its capital by EGP 40 million through issuing new shares at EGP 1 per share, according to Managing Director Samer Dawood, who spoke to Zawya.

Tawasoa’s parent company, Tawasoa Holding for Financial Investments, will inject EGP 30 million in the capital hike — roughly matching the IPO proceeds — to maintain a 75% ownership stake after the offering.

The combined proceeds from the IPO and capital increase will support expansion of Tawasoa’s factoring portfolio, geographic growth across Egyptian governorates, and development of new financial products. Dawood added that the company is also in talks with several local banks for additional financing exceeding EGP 125 million to scale operations.

Tawasoa For Factoring currently manages a portfolio of around EGP 120 million and aims to broaden its scope by obtaining a leasing license by 2027.

The firm is also coordinating with the Financial Regulatory Authority (FRA) and Islamic banks to launch a Sharia-compliant factoring product, supported by upcoming capital injections and borrowing.

Founded in 2020, Tawasoa For Factoring operates exclusively in Egypt and is fully owned — directly and indirectly — by Tawasoa Holding for Financial Investments. The company provides factoring services for small and medium enterprises, offering short-term financing solutions to improve clients’ cash flow and working capital management.

After the IPO and capital increase, the company’s paid-up capital is expected to rise from EGP 75 million to about EGP 115 million.

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

Your daily market lens, signing off.