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

Today: Contact Financial Holding’s 9M 2025 net income drops 44% to EGP 280 mn; Remco agrees to sell its Stella Riviera stake to Serac for EGP 583.9 mn; and SODIC’s 1,000-feddan New Sphinx City project is paused.

🔔 EGX30 ended -1.37% by market close at 40,501 points, the EGX70 fell -1.18% to 12,092 points, and the EGX100 also dropped 0.23% to reach 16,305 points.

💸 The number of transactions reached 134,332 spread across 2,273,142,803 stocks leading to a turnover of EGP 5.3 billion.

🏷️ International investors were the only net sellers.

📈 Top gainers for the market as a whole included October Pharma (+10.15%), Gogreen for Agricultural Investment (+8.82%), and Egyptian Real Estate Group (+8.57%).

📉 Top losers for the market included Macro Group (-7.71%), General Company For Land Reclamation,Development & Reconstruction  (-7.71%), and Suez Canal Company For Technology Settling (-5.88%).

⬆️ Top gainers for EGX30 included Juhayna (+2.3%), Abu Qir Fertilizers (+1.2%), and Ibnsina Pharma (+0.9%).

⬇️ Top losers included GB Corp (-4.1%), Misr Cement (-3.8%), and Emaar Misr (-3.6%).

Other Important Stats: 

🧈 24K Gold reached EGP 6,249 per gram, up 0.59% day-on-day but down 5.15% month-on-month.

💲 The USD reached EGP 47.13 at the National Bank of Egypt.

📉 Egypt’s largest non-bank financial services provider Contact Financial Holding (CNFN) reported 9M 2025 normalized net income of EGP 280 million, down 44 % YoY, despite total operating income rising 17 % to EGP 2.0 billion, driven by strong financing division performance. The decline was mainly due to higher operating costs and ongoing investments in digital and operational infrastructure, while insurance revenues grew strongly but profitability was pressured by higher claims. (Read more in our Deeper Look section.)

🏘️ Remco for Touristic Villages Construction (RTVC) has agreed to sell its stake in the Stella Riviera project to Serac Developments, notifying unit owners, the company said in a disclosure to the EGX. The decision comes after concerns that the New Urban Communities Authority’s timeline is too short to complete construction and hand over units, which could lead to significant losses. Selling the stake would generate net proceeds of about EGP 583.9 million and transfer the remaining construction obligations to Serac, while RTVC would also receive 3,500 m² of space valued at around EGP 49 million.

🏘️ Egypt’s New Urban Communities Authority has paused SODIC’s (OCDI) 1,000-feddan project in New Sphinx City pending approval from the “Future of Egypt” agency to convert the land from agricultural to urban, two sources told Asharq Business. SODIC had signed a revenue-sharing deal with Rula for Land Reclamation after the land was regularized, but a state decision halting agricultural-to-residential conversions has stopped the project. Negotiations to secure the necessary permits are ongoing. The real estate developer’s share value is up 8.78% since the start of the year.

💸The board of CIRA Education (CIRA) has proposed distributing a total of EGP 200 million in dividends for the fiscal year ending August 2025, which corresponds to EGP 0.34 per share, according to an EGX filing. The payout is subject to approval by the company’s shareholders. Remember, the company’s normalized net income soared 385% year-on-year to EGP 295.7 million, and its share value is up almost 29% since the beginning of 2025.

🛢️ The Egyptian General Petroleum Corporation  is returning to the global LNG market to cover a supply gap after months of reduced imports, Bloomberg reports. EGPC issued a tender for three LNG shipments in November, following cuts to October shipments and a freeze on Israel’s USD 35 billion gas deal. Up to 20 shipments are expected before year-end, though imports may drop about 30% in 2026 due to higher domestic production and renewables.

💵 Egypt secured a total of EUR 294.5 million in concessional financing, grants, debt swaps, and technical cooperation from Germany during Planning Minister Rania Al Mashat’s visit to Berlin, with some agreements newly disclosed, EnterpriseAM notes. Highlights include a EUR 15 million grant for SME risk management, EUR 20 million for solid waste management, and EUR 570,000 for energy efficiency and digitization projects. Additionally, a 2025‑2028 protocol provides EUR 123 million in concessional funding to support national priorities such as climate, energy transition, and education.

Contact Financial Holding (CNFN), Egypt’s largest non-bank financial services provider, reported consolidated normalized net income of EGP 280 million for the nine months ending 30 September 2025, down 44 % year-on-year. The decline came despite total operating income rising 17 % YoY to EGP 2.0 billion, supported by strong performance in the financing division, as higher operating costs and ongoing investments in digital and operational infrastructure weighed on profitability.

The company’s share value is up 10.23% since the start of the year.

Management emphasized the focus on scaling higher-margin products, expanding the insurance platform, continuing the digital transformation journey, and driving efficiency and profitability across the Group’s operations.

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

Your daily market lens, signing off.