Today: Egypt’s corporate landscape sees a 60-day extension for the ALCN takeover bid alongside mixed 2025 earnings, where a historic surge for Ferchem Misr contrasts with profit dips at Mopco and Sinai Cement despite their rising sales.

🔔 EGX30 ended -1.21% by market close at 47,195 points, the EGX70 rose 1.04% to 12,771 points, and the EGX100 also rose 0.89% to reach 17,861 points

💸 The number of transactions reached 126,470 spread across 1,561,155,701 stocks leading to a turnover of EGP 5.470 billion.

🏷️ International investors were the only net sellers.

📈 Top gainers across the broader market El Arabia for Land Reclamation (+13.0%), General Company For Land Reclamation,Development & Reconstruction (+9.1%), and Wadi Kom Ombo Land Reclamation (+8.7%).

📉 Top losers: Eastern Company (-7.5%), EGX 30 INDEX ETF (-5.0%), and El Ahram Co. For Printing And Packing (-4.9%).

⬆️ Top gainers for EGX30 included Egypt Aluminum (+6.5%), Abu Qir Fertilizers (+6.4%), and ADIB (+5.2%).

⬇️ Top losers for EGX30 included Eastern Company (-7.5%), CIB (-3.2%), and Fawry (-2.8%).

Other Important Stats: 

🧈 24K Gold reached EGP 8,517 per gram, down 0.26% day-on-day but up 10.58% month-on-month.

💲 The USD reached EGP 51.92  at the National Bank of Egypt.

🚢 Egypt’s Financial Regulatory Authority granted a 60-day extension for the mandatory tender offer targeting up to 90% of shares in Alexandria Container and Cargo Handling Company (ALCN), giving Black Caspian Logistics — acting for Abu Dhabi sovereign fund ADQ — more time to finalize the bid. (Read more in our Deeper Look section.)

⬇️ Misr Fertilizer Production Co. “Mopco” (MFPC) saw its 2025 net profit slide to EGP 11.3 billion, a 25.3% drop compared to the previous year. According to the company's latest financial disclosure, sales climbed to EGP 26.8 billion—up from EGP 19.6 billion in 2024—but were not enough to offset the factors that pulled down the bottom line. It is worth noting that the company’s share price is up 42.6% since the start of the year, and this brings its gains over the past 12 months to 39%.

🧱 Sinai Cement (SCEM) reported a 25.4% year-on-year drop in annual net profits for 2025, accumulating EGP 2.29 billion, according to its latest consolidated financial results. Sales jumped to EGP 9.08 billion compared to EGP 6.42 billion the previous year. The company's share value is up 92% over the past 12 months.

🚀 Ferchem Misr for Fertilizers and Chemicals achieved 4,238% year-on-year higher net profits after tax at EGP 2.18 billion in 2025, according to its latest financial disclosure. Revenues leapt by 1,451% year-on-year to EGP 10.03 billion from EGP 691.44 million a year earlier. The company's share value is up a massive 655% over the past 12 months.

Today:

Qatar National Bank - dividend distribution date for EGP 2 per share. The record date was Monday, 9th of March.

15th of March:

Wadi Kom Ombo Land Reclamation - dividend distribution date for EGP 8 per share. The record date was the 25th of December.

19th of March:

Obour Land for Food Industries - dividend record date for EGP 0.875 per share. The distribution date is set for the 26th of March.

📝 The Egyptian government is preparing to announce a new wage support package for public sector workers starting next fiscal year, aiming to ease the impact of rising living costs amid regional geopolitical tensions that have pushed up domestic fuel prices. The plan will raise the minimum wage in line with current economic conditions, alongside ongoing measures to stabilize markets and strengthen foreign currency resources.

💰 Egypt has put on hold plans to issue international bonds amid rising geopolitical tensions linked to the US-Israeli war on Iran, a government official told Asharq. The official said the delay reflects heightened market uncertainty and higher sovereign risk costs, with authorities preferring to rely on domestic financing for now until global conditions stabilize.

Egypt’s Financial Regulatory Authority (FRA) has approved a 60-day extension for the mandatory tender offer (MTO) targeting shares of Alexandria Container and Cargo Handling Company (ALCN), according to a disclosure filed with the EGX.

The extension gives Black Caspian Logistics — acting on behalf of Abu Dhabi sovereign wealth fund ADQ — additional time to complete its bid to acquire up to 90% of the maritime logistics operator.

Move aimed at consolidating control

The tender offer is part of a regulatory process required under Egyptian securities law after ownership thresholds are exceeded. ADQ first entered ALCN’s shareholder structure in 2022 by acquiring a 32% stake. The group later secured indirect majority control of about 51.3% in November after its subsidiary AD Ports Group purchased an additional 19.3% stake.

Because local regulations require a mandatory tender offer once ownership surpasses 33%, the Emirati investor must submit the offer to remaining shareholders. The new deadline allows ADQ to complete the process and formalize unified control over its Egyptian port holdings.

Strategic asset in Egypt’s container logistics

ALCN is one of Egypt’s most important container terminal operators. The company manages facilities at the ports of Alexandria and El Dekheila, which together represent around 60% of the Alexandria region’s container handling capacity. The terminals process roughly 1.1 million TEUs annually.

Financially, the company remains highly profitable, reporting revenue of about 8.37 billion EGP last year and an adjusted EBITDA margin of roughly 64%, highlighting the strong cash-generating nature of its port operations.

Stock performance

The company’s share values rose 5.4% by market close yesterday, bringing its gains since the start of 2026 to 26.6%. Its share price is up almost 41% over the last 12 months.