Today’s Top News & Analysis
A new bidder for Safi
FRA approves EFID's capital decrease
Beltone signs an EGP1.2bn agreement with Al Ahly Sabbour
EIPICO did not receive an offer from Mediterrania Capital
Heliopolis Housing study bids for EGP1bn project
MACRO
A new bidder for Safi
The privately held Al-Safy Group is interested to join the bidding to acquire the military owned National Co. for Production & Bottling of Natural Water (Safi). Al-Safy Group will submit a bid in next few weeks, joining Mansour Group, according to media sources. (Enterprise)
CORPORATE
FRA approves EFID's capital decrease
The Financial Regulatory Authority (FRA) approved Edita Food Industries [EFID] decreasing its paid-in capital by 3.2% to EGP140mn through writing off 23mn treasury shares. (FRA)
Beltone signs an EGP1.2bn agreement with Al Ahly Sabbour
Beltone Leasing, a subsidiary of Beltone Financial Holding [BTFH] has signed a sale and leaseback agreement worth EGP1.2bn with real estate developer Al Ahly Sabbour. (Company disclosure)
EIPICO did not receive an offer from Mediterrania Capital
EIPICO [PHAR] disclosed that it received no official offers from Mediterrania Capital to acquire a stake in the company. (Company disclosure)
Heliopolis Housing study bids for EGP1bn project
Heliopolis Housing and Development [HELI] plans to announce within two weeks who it will choose to redevelop the historic Granada building in Heliopolis for an estimated cost of EGP1bn. (Enterprise)
MARKETS PERFORMANCE
Key Dates
23-Oct-23
ABUK: Cash dividend / Deadline for eligibility for a dividend of EGP7.00/Share.
EAST: Cash dividend / Deadline for eligibility for a dividend of EGP3.75/Share.
MICH: Cash dividend / Deadline for eligibility for a dividend of EGP3.00/Share.
24-Oct-23
ORAS: Cash dividend / Deadline for eligibility for a dividend of EGP8.51/Share.
25-Oct-23
ORAS: Cash dividend / Ex-dividend date for EGP8.51/Share.
EGAL: OGM / Approving financial statements for 2022/2023.
MCQE: Stock dividend / Last date for eligibility for a 0.33-for-1 stock dividend.
26-Oct-23
MCQE: Stock dividend / Date for distributing a 0.33 for-1 stock dividend.
ABUK: Cash dividend / Payment date for a dividend of EGP2.00/share (1st installment).
MNHD: Cash dividend / Payment date for a dividend of EGP0.075/share (2nd installment).
EAST: Cash dividend / Payment date for a dividend of EGP2.00/share (1st installment).
MICH: Cash dividend / Payment date for a dividend of EGP1.50/share (1st installment).
29-Oct-23
PRCL: OGM / Approving financial statements ending 30 June 2023.
PRCL: EGM / Amending Article No. 3 of the company's bylaws.
31-Oct-23
ORAS: Cash dividend / Payment date for a dividend of EGP8.51/share.
MCRO: Cash dividend / Payment date for a dividend of EGP0.096/share (2nd installment).
2-Nov-23
MPC Meeting / Determining the CBE's policy rate.
4-Nov-23
MFPC: EGM / Approving the merger contract & amending some articles of the Company's bylaws.
5-Nov-23
Egypt PMI / October 2023 reading.
EFID: OGM / Approving proposed dividends for 31 Dec. 2022.
AMOC: Cash dividend / Deadline for eligibility for a dividend of EGP0.65/Share.
8-Nov-23
AMOC: Cash dividend / Payment date for a dividend of EGP0.45/share (1st installment).
9-Nov-23
DOMT: OGM / Approving the proposed dividends.