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

Today: Profit drop for CI Capital, Arab Developers Holding, Domty, & Panda + moves from GB Corp, Sodic, & more

🔔 EGX30 ended -1.78% by market close at 39,725 points, the EGX70 rose 0.20% to 12,382 points, and the EGX100 dropped 0.13% to reach 16,347 points.

💸 The number of transactions reached 107,151 spread across 1,918,422,251 stocks leading to a turnover of EGP 4.9 billion.

🏷️ International investors were the only net sellers.

📈 Top gainers for the market as a whole included Sues Canal Company For Technology Settling (+10.13%), Arabia for Investment and Development (+7.14%), and International Company For Fertilizers & Chemicals (+6.93%).

📉 Top losers for the market included Subscription Rights Of Macro Group Pharmaceuticals (-16.31%), El Nasr Clothes & Textiles (-4.77%), and Engineering Industries - ICON (-4.34%).

⬆️ Top gainers for EGX30 included Qalaa Holdings (+5.1%), TMG Holding (+3.1%), and EFG Holding (+2.6%).

⬇️ Top losers included Ibnsina Pharma (-2.9%), Orascom Construction (-2.2%), and Orascom Development (-2.1%).

Other Important Stats: 

🧈 24K Gold reached EGP 6,304 per gram, up 0.88% day-on-day but down 1.36% month-on-month.

💲 The USD reached EGP 47.71 at the National Bank of Egypt.

📉 CI Capital (CICH) saw its net profit fall 31.7% year-on-year to EGP 1.11 billion during the first nine months of 2025, despite revenues rising to EGP 7.45 billion, supported by strong performance from its non-bank financial services subsidiaries. (Read more in our Deeper Look section.)

🐮 Domty (DOMT) reported a 71.6% year-on-year drop in net profit to EGP 115.5 million during the first nine months of 2025, despite revenues remaining largely flat at EGP 7 billion. As part of its expansion plans, the company will invest EGP 300 million in production to increase capacity by 40%, including a new bakery line in Egypt by Q1 2026 and a new plant in Iraq, while also restructuring through a demerger: Domty will continue with a capital of EGP 113 million, and a new entity, Dairy Products Euro Arabian for Food Industries, will be established with a capital of EGP 438 million, with total business volume expected to reach EGP 13 billion. For context, the company’s share value is down over 16% since the start of the year.

🏘️Arab Developers Holding (ARAB) reported a 29% year-on-year fall in net profit to EGP 159.28 million for the first nine months of 2025. Revenues also dipped to EGP 1.19 billion from 1.41 billion during the same period of 2024. Remember, earlier this month the company approved a capital increase, aiming to raise its issued capital from EGP 1.39 billion to 2.39 billion through a rights issue, offering existing shareholders the opportunity to subscribe proportionally, with the subscription rights tradable separately from the original shares. The developer’s shares are down 28% since the start of the year.

🐮 Arab Dairy – Panda (ADPC) turned into a net loss of EGP 189 million during the first nine months of 2025, compared with a net profit of EGP 143 million in the same period last year, while sales fell 13% to EGP 1.87 billion. The weak performance reflects the significant cost and pricing pressures facing the dairy producer. The firm’s share value is down 0.63% since the beginning of 2025.

In non-earnings news:

💰 Drive Finance, a subsidiary of GB Corp (GBCO), secured a EGP 5 billion syndicated credit—the first ever for a non-banking financial company in Egypt. The facility will boost its auto financing across consumer finance and factoring, helping expand its customer base, reach, and financial offerings. GB Corp, which posted a 35.1% profit increase in the first nine months of 2025 to EGP 2.42 billion, has seen its shares rise 56.10% since the start of the year.

✅ The general assembly of Egypt’s third-largest listed real estate developer Sodic (OCDI) yesterday approved a financial leasing agreement worth EGP 2.94 billion with EFG. The board also approved several related-party transactions with Beltone Holding and its subsidiaries, covering the sale of a building in the Eastown project, six office units in The Portal at SODIC West, and the lease of 100 parking spaces in the EDNC complex in New Cairo. The company, whose management said earlier this week that it has over 2500 unsold feddans, saw its share value rise 12.64% since the beginning of 2025.

👀 Fintech company U Consumer Finance (VALU) expects 2025 revenues of EGP  21 billion, after raking in EGP 18 billion in the first nine months of the year, its CEO Walid Hassouna said in an interview with Asharq Business. Hassouna anticipates profits to rise 65% year-on-year to EGP 700 million for 2025, after reporting a 139% jump in net profit for the first nine months to EGP 541.44 million, driven by a tripling of consumer financing operations compared to 2024. Remember, the company made a headline grabbing entrance when it made its debut to the EGX back in June, with its share rising over 852% to EGP 7.40 at the time. Its shares stood at EGP 9.0 as of the end of trading yesterday.

November 27, 2025:

Misr Cement (MCQE) - dividend distribution date for EGP 0.5 per share. The record date was June 23rd.

Rameda (RMDA) - dividend distribution date for EGP 0.053 per share. The record date was the 7th of July. NOTE: The company will also be distributing 0.323 bonus shares per share on December 3, with the record date for eligibility being December 2.

💸 A Qatari-Egyptian consortium is reportedly close to being selected for the redevelopment of the former National Democratic Party headquarters in central Cairo, a project valued at USD 5 billion, EnterpriseAM reported, citing a senior government source. The project has faced delays due to currency fluctuations and revised valuations after the devaluation of the EGP, and the Sovereign Fund of Egypt is purportedly still reviewing 10 other competing offers, Asharq Business reported yesterday, citing a government source. Originally, plans envisioned a 220-meter seven-star hotel with residential units and a multistory car park, though it is unclear how much the design may change.

🚢 Shell and Petronas have received government approval to export up to six liquefied natural gas shipments annually from the Idku plant near Alexandria, each carrying roughly 150,000 cubic meters, a government official told Asharq Business on condition of anonymity. The agreement, valid until 2029, is part of government incentives announced in August 2024 that allow foreign companies to export part of their new production, with proceeds used to settle outstanding government debts to the gas producers. This comes as Egypt’s daily gas demand remains around 6.2 billion cubic feet, compared with production of roughly 4.2 billion. 

CI Capital Holding (CICH) reported net profit of EGP 1.11 billion for the nine months ending September 2025, down 31.78% year-on-year from EGP 1.63 billion. The decline came despite a modest rise in consolidated revenues, which increased to EGP 7.45 billion, compared with EGP 7.15 billion in the same period last year.

The company’s share value is up 38.2% since the start of the year. 

NBFS subsidiaries remain key contributors:

Operational performance continued to be driven by the Group’s non-bank financial services platform.

Its subsidiary Corplease recorded 208% year-on-year growth in new bookings to EGP 11.4 billion, with its outstanding portfolio rising to EGP 17.7 billion.

Meanwhile, CI Mortgage expanded its outstanding portfolio 69% to EGP 2.7 billion, supported by EGP 1.5 billion in new loan disbursements and strong revenue and profit growth.

Reefy also disbursed EGP 2.9 billion in new loans and expanded its network to 204 branches across 21 governorates.

Investment bank maintains activity; AUMs hit new high

The investment bank recorded EGP 1.2 billion in revenues, with brokerage contributing EGP 729 million and asset management revenues rising 22% to EGP 309 million.

Group assets under management reached a record EGP 130.1 billion, supported by inflows and new mandates.

The advisory arm also concluded 18 transactions across Equity Capital Markets, Debt Capital Markets, and Mergers & Acquisitions, with an aggregate value of EGP 39.9 billion.

Going forward:

The Group appointed a new CEO to lead its private equity business as part of a broader MENA-focused strategy and obtained a Venture Capital license, enabling expansion into new investment products.

Management stated that the Group will continue to focus on scaling its NBFS operations, broadening its product offering, and maintaining resilience amid ongoing market volatility.

In other news from the company:

CI Asset Management, a subsidiary of CI Capital Holding, has wrapped up subscriptions for its newly launched Sharia-compliant Gold Misr fund, achieving more than double its target. Subscriptions opened earlier this month, giving investors access to a vehicle that places its money in high-purity physical gold bars. The fund provides cumulative daily returns and includes a prize-draw feature for participants, and notably carries no subscription fees.

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

Your daily market lens, signing off.