Today’s Top News & Analysis
Egypt wants to raise the Israeli gas imports by 26%
Sugar prices were raised by 33% to the commercial sector
A consortium wants a 25% stake in City Lab
Al Arafa Holding Demerger is concluded
MACRO
Egypt wants to raise the Israeli gas imports by 26%
The Egyptian government wants to increase Israeli gas imports by 26% to 1.45bn CBT/day in H1 FY25. The imports have already increased to the before-the-war levels in January 2024 by 15% m/m to 1.15bn CBT/day. (Asharq Business)
Sugar prices were raised by 33% to the commercial sector
Some government companies have raised the prices of sugar delivery to the commercial sector by 33% bringing the price to EGP32,000/ton. It is said that the free FX rates increased the costs on factories. (Asharq Business)
CORPORATE
A consortium wants a 25% stake in City Lab
The Saudi-based Al Mashreq Medical Care leading a consortium that includes Premium Diagnostics Saudi, Egypt, UAE, and USA, wants to acquire a 25% stake in the Egyptian City Medical Laboratory [CILB] for up to EGP250mn at market value. (Company disclosure)
Al Arafa Holding Demerger is concluded
Yesterday, the demerger process of Al Arafa Group [AIVC] came to an end producing two entities namely, Concrete Fashion Group and Gtex Holding where both started trading yesterday. (Enterprise)
Key Dates
25-Mar-24
SAUD: OGM / Approving financial statements ending 31 Dec. 2023 and the proposed dividends.
CERA: OGM / Approving financial statements ending 31 Dec. 2023 and the proposed dividends.
PHDC: OGM / Approving financial statements ending 31 Dec. 2023 and the proposed dividends.
FAIT: Cash dividend / Deadline for eligibility for a dividend of EGP1.853/Share.
COMI: OGM / Approving financial statements ending 31 Dec. 2023 and the proposed dividends.
COMI: EGM / Discussing agenda items.
27-Mar-24
EXPA: OGM / Approving financial statements ending 31 Dec. 2023 and the proposed dividends.
GBCO: EGM / Amending Articles No. 5 of the company's bylaws.
28-Mar-24
FAIT: Cash dividend / Payment date for a dividend of EGP1.853/share.
CIEB: OGM / Approving financial statements ending 31 Dec. 2023 and the proposed dividends.
MCQE: OGM / Approving financial statements ending 31 Dec. 2023 and the proposed dividends.
HDBK: OGM / Approving financial statements ending 31 Dec. 2023 and the proposed dividends.
EMFD: OGM / Approving financial statements ending 31 Dec. 2023.
ISPH: OGM / Approving financial statements ending 31 Dec. 2023 and the proposed dividends.
EFID: OGM / Approving financial statements ending 31 Dec. 2023 and the proposed dividends.
30-Mar-24
PHAR: OGM / Approving financial statements ending 31 Dec. 2023 and the proposed dividends.
31-Mar-24
ARCC: OGM / Approving financial statements ending 31 Dec. 2023 and the proposed dividends.
LCSW: OGM / Approving financial statements ending 31 Dec. 2023 and the proposed dividends.
EFIH: OGM / Approving financial statements ending 31 Dec. 2023 and the proposed dividends.
RACC: OGM / Approving financial statements ending 31 Dec. 2023 and the proposed dividends.
RACC: EGM / Amending Articles No. 6 & 7 of the company's bylaws.
EKHO: OGM / Approving financial statements ending 31 Dec. 2023 and the proposed dividends.