Today’s Top News & Analysis
Egypt to purchase 22 LNG shipments in August and September
CBE assures every bank is responsible for its FX withdrawal policy
MACRO
Egypt to purchase 22 LNG shipments in August and September
Sources said the government is seeking the purchase of 22 LNG shipments in August and September to cover the increasing demand for electricity through the summer. The sources added the government agreed to purchase 21 shipments last July and another 5 shipments through August. (Asharq Business)
CBE assures every bank is responsible for its FX withdrawal policy
The Central Bank of Egypt (CBE) said that it did not set limitations on FX withdrawals where every bank is responsible for setting the limits independently. (Enterprise)
MARKETS PERFORMANCE
Key Dates
22-Aug-24
EXPA: Stock dividend / Date for distributing a 0.33 for-1 stock dividend.
26-Aug-24
BINV: Cash dividend / Deadline for eligibility for a dividend of USD 0.020/Share.
MFPC: Cash dividend / Deadline for eligibility for a dividend of EGP3.750/Share.
28-Aug-24
TANM: Stock dividend / Last date for eligibility for a 0.2-for-1 stock dividend.
29-Aug-24
TANM: Stock dividend / Date for distributing a 0.2 for-1 stock dividend.
PHAR: Cash dividend / Payment date for a dividend of EGP1.00/share (2nd installment).
ZMID: Cash dividend / Payment date for a dividend of EGP0.10/Share (2nd installment)
CCAP: OGM / Discussing appointing an additional auditor for the company’s accounts for the current year ending 31 Dec. ,2024.
CCAP: EGM / Discussing the continuation of the company.
SKPC: EGM / Approving increasing the issued capital & amending Articles No. 6 & 7 of the company's bylaws.
BINV: Cash dividend / Payment date for a dividend of USD 0.020/Share.
MFPC: Cash dividend / Payment date for a dividend of EGP3.750/Share.