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

Today: A new project by Misr Al-Gedida, and updates from Beltone, a subsidiary of CI Capital, & more

🔔 EGX30 ended -0.10% by market close at 41,689 points, the EGX70 fell 0.13% to 13,144 points, and the EGX100 decreased 0.11%  to reach 17,394 points.

💸 The number of transactions reached 132,382 spread across 2,485,042,018 stocks leading to a turnover of EGP 5.5 billion.

🏷️ Regional investors were the only net sellers.

📈Top gainers across the broader market Sabaa International Company for Pharmaceutical and Chemical (+19.74%), Catalyst Partners Middle East (+19.10%), and Arab Co. for Asset Management And Development (+12.50%).

📉 Top losers: Digitize for Investment And Technology (-6.11%,) South Cairo & Giza Mills & Bakeries (-5.91%), and El Kahera El Watania Investment (-5.29%.)

⬆️ Top gainers for EGX30 included TMG Holding (+2.9%), Beltone Holding (+2.3%), and Ibnsina Pharma (+1.3%).

⬇️ Top losers included: GB Corp (-1.9%), Misr Cement (-1.9%), and Emaar Misr (-1.8%).

Other Important Stats: 

🧈 24K Gold reached EGP 6,774 per gram, down 0.16% day-on-day but up 4.09% month-on-month.

💲 The USD reached EGP 47.67 at the National Bank of Egypt.

🏘️ Misr Al-Gedida (HELI) has partnered with Al-Safi and Jebal to develop a mixed-use project in East Mansoura, securing a 31% share in a project worth EGP 10 billion. (Read more in our Deeper Look section.)

✅ Beltone Holding (BTFH) acquired 100% of Lumen Aegis Enterprises from its majority shareholder Chimera through its Chimera-owned subsidiary ePointZero, in a USD 1 transaction. The move integrates the private company into Beltone’s publicly listed balance sheet as part of an internal restructuring to consolidate its regional operations. Beltone’s share value is up 63% from the start of the year.

💰 Microfinance company Reefy, primarily owned by CI Capital (CICH), has received final approval from Egypt’s Financial Regulatory Authority for the third issuance under its second securitization program, totaling EGP 1.064 billion. The bonds, split into three tranches with strong credit ratings, aim to support Reefy’s growth, expand its client reach, and enhance its liquidity management.

💸 Arab Co. for Asset Management And Development (ACAMD) returned to profit in the first nine months of 2025, posting a net profit of EGP 7.18 million compared with a loss of EGP 12.32 million in the same period last year.Revenues declined slightly to EGP 1.03 million, down from EGP 1.04 million a year earlier. The company’s share price is up 103% since the start of the year.

December 31 (today):

Suez Canal Company for Technology Settling (SCTS) - dividend distribution date for EGP 1.01 per share. The record date was 28 December.

Abu Qir Fertilizers (ABUK) - dividend distribution date for EGP 1.50 per share. The record date was 21 October.

💵 Egypt received USD 3.5 billion from Qatar’s Diar for the Alam El Roum project, a key inflow that helps meet IMF requirements on foreign reserves and financing gaps. Half will go to reducing public debt, and half to strengthening the Central Bank’s foreign reserves.

💰The Central Bank of Egypt (CBE) and Afreximbank signed an MoU to establish a pan-African Gold Bank, aiming to formalize gold value chains, strengthen reserves, and reduce Africa’s dependence on foreign refining hubs. The initiative will explore setting up an accredited refinery, secure vaults, and integrated financial and trading services in Egypt, with participation from African countries.

Misr Al-Gedida (HELI) has finalized a partnership with a consortium comprising Al-Safi and Jebal to develop a mixed-use project in East Mansoura, with total revenues estimated at EGP 10 billion. The company will secure a 31% share of the project’s total revenues.

Project details and financials:

The development will be built on a land plot spanning around 52,000 square meters and will include residential, commercial, and administrative components. According to the company’s disclosure to the EGX , the consortium was selected as the highest-ranked bidder in terms of financial strength and technical capability, based on recommendations from the relevant technical and financial committees.

Misr Al-Gedida’s 31% stake is expected to generate revenues of around EGP 3.157 billion, supported by a guaranteed minimum present value of approximately EGP 2.210 billion to be paid over six years. In addition, the company will receive 5% of the value of finishing works, along with an upfront payment of EGP 65 million, payable in two tranches.

Recent moves expand the portfolio:

The company has been actively expanding its footprint: it recently launched Jadinia Phase 1, a 300-acre mixed-use project with projected sales of around EGP 4 billion. It also acquired 224 residential units in New Heliopolis to broaden its real estate portfolio and future revenue base.

Financial performance and market context:

This announcement comes after a challenging first nine months of 2025 for Misr Al-Gedida. The company posted a net profit of EGP 1.06 billion, down 39% from EGP 1.74 billion a year earlier. Revenues, however, climbed to EGP 1.27 billion, compared with EGP 896.1 million in 2024, driven mainly by land and property sales.

The company’s share value is up 20% since the start of the year.