Subscribe to Egypt Claps
TAQA Arabia eyes consumer finance acquisition
- What: TAQA Arabia (TAQA) announced it is exploring the possibility of acquiring a company that specializes in consumer finance. The company is currently in talks with several potential targets.
- So What: Valu (VALU) is the first pure-play consumer finance company to list on the Egyptian stock market. Other players like EFG Hermes (HRHO), CI Capital (CICH), Beltone (BTFH), and Raya (RAYA) also have consumer finance operations, but none are pure-play consumer finance companies.
- Now What: TAQA is considering submitting a request to the Financial Regulatory Authority to begin due diligence procedures. If the deal goes through, this would mark TAQA’s first acquisition in the non-banking finance sector.
Arabian Cement boosts its environmental leadership
- What: Arabian Cement (ARCC) just became the first cement company in Africa and the Middle East to get certified under the International Renewable Energy Certificate System (I-RECs).
- So What: Arabian Cement plans to expand its use of clean energy in its operations. That means lower costs in the long run and a stronger appeal to sustainability-focused investors.
- Now What: This certification proves the company uses renewable energy sources, recognized on a global level. It gives Arabian Cement a greener image and opens doors to new opportunities, especially in the EU, where the Carbon Border Adjustment Mechanism (CBAM) is set to kick in by January 2026.
- What: OSL for Entertainment Projects, a subsidiary of Orascom Investment Holding (OIH), signed a medium-term loan worth EGP 963 million with “CIB” (COMI). The funding will be used to develop the Sound and Light Show and the surrounding area at the Pyramids of Giza and the Sphinx.
- So What: The loan follows Orascom Investment’s recent acquisition of Egypt for Entertainment Investments and its five subsidiaries in a deal worth around EGP 502 million. The move is part of the group’s strategy to expand into the entertainment sector.
- Now What: Orascom Investment’s Chairman, Naguib Sawiris, stated that the company plans to create an entirely new show, using cutting-edge technology in both the performance and operations. The goal: to turn the Giza Plateau into a world-class entertainment destination that encourages visitors to return again and again.
- What: Madinet Masr for Housing and Development (MASR) bought back around 2.14 million shares (treasury stocks) during last Thursday’s trading session.
- So What: Back in March 2025, the board approved a plan to repurchase up to 4% of the company’s total shares—that’s about 85.4 million shares from the open market. The move aims to support the share price, which is currently trading below EGP 5. The company also sees the low price as a solid investment opportunity.
- Now What: With this latest purchase, Madinet Masr has now bought a total of around 44.8 million shares, crossing the halfway mark of its target. That leaves approximately 40.6 million shares still available for buyback in the coming period.
What else is clapping?
- United Housing boosts treasury stock holdings
During last Thursday’s session, United Housing and Development (UNIT) bought back 100,000 treasury shares, raising its total treasury stock to 1.68% of the company’s share capital.
This buyback is part of the company’s ongoing plan to repurchase up to 7 million shares—around 3% of its total shares—to help support the stock price in the market.
- Rameda raises capital to EGP 500 million
The board of Rameda Pharmaceuticals (RMDA) approved a plan to increase the company’s issued capital from EGP 377.75 million to EGP 500 million, through the issuance of bonus shares.
The capital increase will be funded from the company’s distributable profits and retained earnings from the 2024 fiscal year.
The bonus share issuance will follow the registration of a prior capital increase—from 1.5 billion to 1.51 billion shares—related to the company’s employee incentive and bonus plan.
- Palm Hills to invest EGP 30M in founding “Cippo Egypt”
Real estate giant Palm Hills Developments (PHDC) has decided to invest EGP 30 million to help establish a new company called “Cippo Egypt,” acquiring a 49% stake in its capital.
This move reflects Palm Hills’ strategy to diversify its investments beyond traditional real estate.
Latest CLAPS
