Today’s Top News & Analysis
Al Hokair to invest USD1.5bn in Egypt through 2024
Tourism revenues to grow 15% this year
Toma Family has the majority stake in DSCW now
MACRO
Al Hokair to invest USD1.5bn in Egypt through 2024
Reportedly, Al Hokair Group will invest USD1.5bn in Egypt through 2024. The group is interested in investing in energy, real estate, and infrastructure projects. (Enterprise)
Tourism revenues to grow 15% this year
Egypt's Deputy Tourism Minister said that Egypt welcomed 13mn tourists through 9M 2023. She added that tourism revenues are expected to grow by 15% this year reaching c.USD14bn. (Alarabiya)
CORPORATE
Toma Family has the majority stake in DSCW now
Yesterday, Toma for Commercial & Industrial Investments and Maged Samir Toma consortium bought c.545mn shares for c.EGP436mn (EGP0.8/share) of Dice Sport & Casual Wear [DSCW]. (Enterprise)
MARKETS PERFORMANCE
Key Dates
20-Nov-23
EGAL: Cash dividend / Deadline for eligibility for a dividend of EGP6.5/Share.
23-Nov-23
EGAL: Cash dividend / Payment date for a dividend of EGP6.5/share.
CSAG: OGM / Approving financial statements ending 30 June 2023 and the proposed dividends.
CSAG: EGM / Approving increasing the issued capital & amending Article No. 3 of the company's bylaws.
TALM: OGM / Approving financial statements ending 31 August 2023 and the proposed dividends.
EFID: Conference Call / Discussing Q3 2023 financial results.
26-Nov-23
EFID: EGM / Discussing capital reduction & amending Articles No. 3, 6 & 7 of the company's bylaws.
27-Nov-23
ETEL: EGM / Amending Article No. 5 of the company's bylaws.
EFID: Cash dividend / Deadline for eligibility for a dividend of EGP0.428/Share.
DOMT: Cash dividend / Deadline for eligibility for a dividend of EGP0.20/Share.
30-Nov-23
DOMT: Cash dividend / Payment date for a dividend of EGP0.20/share.
EFID: Cash dividend / Payment date for a dividend of EGP0.428/share.
ZMID: Cash dividend / Payment date for a dividend of EGP0.10/share (2nd installment).