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New EGX Chairman Aims to Boost the Capital Market
What: The new chairman of the Egyptian Exchange, Islam Azzam—appointed for one year, succeeding Ahmed El-Sheikh—announced plans to strengthen the market by introducing financial derivatives, as well as activating two key mechanisms: the market maker and securities lending & short selling.
Claps Class: Financial derivatives are contracts whose value is derived from an underlying asset (like stocks or commodities) and are used for hedging or speculation.
A market maker is an entity that constantly provides buy and sell prices to increase liquidity and stabilize trading.
Securities lending & short selling allow investors to sell shares they don’t own, aiming to buy them back later at a lower price for profit.
So What: Azzam brings extensive experience—he served as Vice Chairman of the Financial Regulatory Authority (FRA) from Jan 2021 to Aug 2025, overseeing the capital market, insurance, and non-banking finance sectors.
Now What: Azzam stressed that the next phase will focus on intensifying promotion efforts to attract more listings—especially private companies—on the exchange.
This, he says, will boost liquidity, improve activity, and make Egypt’s market more attractive for both local and international investors.
Canal Shipping Agencies’ Profits Top EGP 1 Billion Last Year
What: Canal Shipping Agencies (CSAG) reported net profits exceeding EGP 1 billion in FY 2024/2025, supported by revenues of around EGP 146 million.
So What: Profits jumped 39% YoY, driven by higher returns from its investments in Port Said and Damietta container companies. Revenues also grew 44%.
Now What: The company is expected to continue maximizing returns from its container investments, while strengthening its role in maritime transport and services—supporting long-term profit stability.
📊 Full results here.
What: Egyptian Financial & Industrial Co. (EFIC) posted net profits of more than EGP 644 million in H1, with sales surpassing EGP 5 billion.
So What: While net profit dipped about 18% YoY, sales jumped 33.5%.
Now What: The company is expected to build on strong sales growth by boosting production capacity and expanding export markets, helping offset profit declines and support margins going forward.
📊 Full results here.
What: The board of Middle & West Delta Flour Mills (WCDF) proposed cash dividends of EGP 36 per share for FY 2024/2025, along with 1 bonus share for every 3 shares held.
So What: Offering both cash and bonus dividends reflects the company’s solid financial position and its commitment to maximizing shareholder returns, despite sector challenges such as rising operating costs and fluctuations in wheat prices.
Now What: Approval of both proposals at the general assembly is expected to boost the stock’s appeal and strengthen investor confidence in the company’s ability to sustain strong returns.
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