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Bonyan’s public offering 33.7x oversubscribed
- What: The Egyptian Exchange announced that the public offering of Bonyan for Development and Trade was oversubscribed by around 33.7 times, after the order book closed on Wednesday.
- So What: The offering saw strong demand, with total buy orders reaching 611.65 million shares. This follows the successful private placement, which was covered about 6.88 times. The stock is expected to attract investors interested in commercial centers, especially with Bonyan’s expansion plans.
- Now What: The stock is now heading toward official listing and trading on the exchange, expected to begin soon.
Taaleem’s profits jump to EGP 813.5 million in 9 months
- What: Taaleem for Management Services (TALM) reported net profits of around EGP 813.5 million for the nine months ending May 2025 — up 33% year-on-year.
- So What: The strong performance came as student enrollment at its two universities, Badya and Nahda, grew by 33% at the start of the academic year. Taaleem is known for its strong cash flows, stable revenues, and high profit margins.
- Now What: The company is getting ready to launch its new university, “Memphis,” in East Cairo this September — starting with the Faculty of Medicine.
- What: ValU (VALU) announced that Egypt’s Financial Regulatory Authority (FRA) has approved a license for EFG Securitization to launch ValU’s seventh bond program, worth EGP 10 billion.
- So What: ValU is working on diversifying its funding sources. Securitization is a key tool to help the company grow and stay financially flexible.
- Now What: The bonds will be backed by future receivables, with a cap of EGP 13 billion. The program will roll out over two years through up to 9 expected issuances.
- What: Emaar Misr for Development (EMFD) announced that its sister company, Sky Tower for Real Estate Development, has signed a revenue-sharing and development agreement with Al Sahel for Construction & Development to build a fully integrated tourism project on Egypt’s North Coast.
- So What: According to Asharq, the project is expected to generate over EGP 500 billion in revenue. It would further strengthen Emaar’s presence in the North Coast — a top destination for both local tourism and high-end real estate investment, especially during the summer season.
- Now What: The project is planned to cover 10 million square meters south of Hurghada, in partnership with Saudi firm City Stars, which owns the land.
- What: Orascom Development Egypt (ORHD) has appointed “Eskandar Tooma” as its new non-executive chairman, replacing “Samy Saad Zaghloul,” who stepped down after six years in the role.
- So What: The move follows the resignation of “Omar El Hamamsy” as CEO and managing director in June. Tooma brings prior experience within Orascom Development, which is known for its fully integrated destinations like El Gouna, O West, and Taba Heights.
- Now What: Tooma is expected to help guide the company’s strategic direction and support its stability as it continues to roll out major projects and strengthen its local and international presence.
- What: The Financial Regulatory Authority has approved the disclosure report submitted by Universal for Packaging and Paper “Unipack” (UNIP) to increase its authorized capital from EGP 350 million to EGP 1.1 billion.
- So What: The plan includes raising the issued and paid-in capital from about EGP 76.38 million to EGP 229.14 million by distributing two bonus shares for every original share. The move aims to strengthen Unipack’s financial position and support its expansion—without requiring direct cash contributions from shareholders.
- Now What: An extraordinary general assembly will be called to discuss and vote on the proposed increase.
What else is clapping?
- Heliopolis Housing moves up dividend payment to 6 August
Heliopolis Housing and Development (HELI) has decided to bring forward the second installment of its cash dividend — worth EGP 0.5357 per share — to August 6, 2025, instead of January 29, 2026.
The company had previously approved a total dividend of EGP 1.3392 per share, split over two payments.
The first installment of EGP 0.8035 was paid on June 4, 2025. - Madinet Masr buys back 1.14 million treasury shares
Madinet Masr for Housing and Development (MASR) bought back around 1.14 million treasury shares during Tuesday’s session, aiming to support its share price.
Premium Healthcare acquires Hassab Labs for EGP 298 million
Premium Healthcare Group (PHGC) acquired Hassab Labs, a medical diagnostics provider, in a deal worth EGP 298 million.
The move strengthens the company’s presence in the diagnostics sector and expands its local lab network.
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