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

Today: Edita is planning a regional expansion, CIRA unveiled its first US-based acquisition + earnings updates & more.

🔔 EGX30 ended +0.27% by market close at 42,052 points, the EGX70 rose 0.60% to 12,947 points, and the EGX100 increased 0.57% to reach 17,151 points.

💸 The number of transactions reached 132,290 spread across 2,300,540,947 stocks leading to a turnover of EGP 6.1 billion.

🏷️ Local investors were the only net buyers.

📈 Top gainers for the market as a whole included South Valley Cement (+12.24%), International Co For Investment & Development (+11.41%), and Egyptians Real Estate Fund Certificates (+10.09%).

📉 Top losers for the market included Sharm Dreams Co. for Tourism Investment (-4.01%), Egyptian Financial & Industrial (-2.91%), and Alexandria National Company for Financial Investment (-2.69%).

⬆️ Top gainers for EGX30 included ADIB (+3.3%), AMOC (+2.2%), and E-finance (+2.0%).

⬇️ Top losers included Misr Cement (-1.6%), Palm Hills Developments (-1.2%), and Orascom Construction (-0.9%).

Other Important Stats: 

🧈 24K Gold reached EGP 6,475 per gram, down 0.01% day-on-day but up 2.84% month-on-month.

💲 The USD reached EGP 47.56 at the National Bank of Egypt.

🥐 Edita Food Industries (EFID) is gearing up for a big expansion in 2026, allocating part of its EGP 4 billion investment plan for the year to boost production in Iraq and Morocco, while keeping its main focus on Egypt, its Group Chairman and CEO Hani Barzi told Asharq in an interview. (Read more in our Deeper Look section.)

📚 CIRA Global Ventures, the international investment arm of CIRA Education (CIRA), has snapped up a minority share in US-based Falcon Academy, which serves Arab and Asian communities in the Washington, DC area. The funding will support campus expansion, high school enrollment, and advanced STEM programs. According to the company, this marks the first time an Egyptian education group has directly invested in the North American education market, and comes following three years of market research. CIRA’s share value is up 27% since the start of 2025.

🏢 Mostakbal Misr Agency for Sustainable Development raised its stake in Development and Engineering Consultants (DAPH) to 12.89% up from 1.36% in an EGP 236.57 million transaction. The transaction included the purchase of 2.71 million shares at an average price of EGP 87.27 per share. DAPH’s share price is up 116% since the beginning of 2025.

⚖️ South Valley Cement (SVCE) reached a settlement with several government entities to resolve longstanding dues and disputes — including issues related to gas supply cuts, Industrial Development Authority disagreements, and development fees. The agreement closes out years of unresolved issues and signals improved alignment between the company and public-sector bodies. The company’s shares were up 12.2% yesterday to become the market’s top gainer, and its share value is up 132% year-to-date.

📈 Delta Insurance (DEIN) saw an 87.7% year-on-year rise in its 9M 2025 consolidated net profit, reaching EGP 689.03 million. Total revenue also increased strongly, climbing to EGP 885.794 million from January to September, up from EGP 576.902 million in the same period last year. Remember, last month its parent company Valmore Holding (previously called Egypt Kuwait Holding) and other major shareholders sold their stakes in Delta Insurance to Morocco’s Al Wafa Insurance for about EGP 4.89 billion. Al Wafa now holds a controlling position and previously said it intends to delist the company from the EGX.

🎓 Egyptian Modern Education Systems (MOED) posted a 3% dip in annual profit, recording EGP 4.94 million for the financial year ending June 2025 versus EGP 5.08 million the previous year, although revenue grew to EGP 47.46 million up from EGP 39.7 million. The company’s share value is up almost 156% since the start of the year.

December 11, 2025 (today):

Upper Egypt Flour Mills (UEFM) - dividend distribution date for EGP 20 per share. The record date was Monday, 8 December.

Eastern Company (EAST) - dividend distribution date for EGP 1.5 per share. The record date was Monday, 8 December.

December 16, 2025:

General Company for Silos and Storage (GSSC) - dividend record date for EGP 2.25 per share. The distribution date is Sunday, 21 December.

Commercial International Bank (COMI) - dividend record date for 0.1 bonus share per share. The distribution date is Wednesday, 17 December.

Rubex International for Plastic and Acrylic Manufacturing (RUBX) - dividend record date for 0.068 bonus share per share. The distribution date is Wednesday, 17 December.

📉 Egypt’s annual urban inflation dropped to 12.3% in November, down from 12.5% in October, helped by a 2.6% monthly drop in food and beverage prices. Inflation has fallen sharply from its 38% peak in September 2023, boosted by our USD 8 billion loan program with the International Monetary Fund. The central bank expects inflation to average 14.5% in 2025 and 11% in 2026, though it said energy, tobacco, electricity costs, and geopolitical risks could slow the decline.

⚡Norway’s Scatec yesterday received approval from Egypt’s cabinet to build a solar and battery storage facility capable of providing a stable 100 MW of electricity around the clock. The project combines 1.7 GW of solar capacity with 4 GWh of battery storage at sites in Abu Qir and Nagaa Hammadi, with a grid-forming system ensuring stable energy supply. The cabinet also approved yesterday a 900 MW wind farm in Ras Shukeir by Orascom Construction, Engie, and Toyota Tsusho. These projects come as the government plans on sourcing 42% of its electricity mix from renewable sources by 2030. 

Edita Food Industries is planning a major push for growth in 2026, putting part of its EGP 4 billion investment plan into ramping up production in Iraq and Morocco, while keeping Egypt as its main priority, CEO Hani Barzi told Asharq.

First up, local growth plans:

Around 60% of next year’s budget will be dedicated to expanding its Egyptian operations, including developing half of the remaining land at its factory in 6th of October City and getting another recently acquired plant ready, Barzi told the news outlet.

What about its regional expansion?

In Iraq, a new production line is set to start by the end of 2026, after one that it recently purchased. This comes after the company entered the Iraqi market earlier this year by acquiring a 49% stake—the legal limit for foreign investors—in Tuama Jebur Abbas for USD 8 million.

The company previously said it plans to invest more than USD 27 million in Iraq over the next three years.

The company is also eyeing new lines in Morocco as it looks to use the country as an export hub for West African markets, targeting countries like Mauritania.

Why does this matter?

The company’s exports totaled EGP 544.9  million in 3Q 2025, up 2.2% year-on-year and representing roughly 10% of total sales. 

Morocco led regional performance, generating EGP 132  million in the quarter, up 8% year-on-year.

Remember:

Overall, the company reported EGP 659.2 million in net profit for 3Q 2025, up 84.5% year-on-year, boosted by a 40.4% rise in revenues, which totaled EGP 5.49 billion. This drove its 9M 2025 profits to EGP 1.57 billion, up 42.7% year-on-year, as higher average prices, recovering volumes, and an improved product mix supported earnings growth.

The company’s share value is up 86.4% since the beginning of 2025.

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

Your daily market lens, signing off.