🔔 Good morning, and welcome to Telda Lens — your daily pulse on Egypt’s markets.

We have a brief issue today focused on Bonyan’s leasing of its A5 Building at the Golden Gate complex to Nestlé, an agreement expected to generate EGP 834 million for Bonyan over the lease term.

🔔 EGX30 ended +1.59% by market close at 50,490 points, the EGX70 increased 0.59% to 12,931 points, and the EGX100 also rose 0.62%  to reach 17,929 points

💸 The number of transactions reached 145,808 spread across 1,680,502,627 stocks leading to a turnover of EGP 6.9 billion.

🏷️ International investors were the only net buyers.

📈 Top gainers across the broader market Ismailia Misr Poultry (+9.98%), Minapharm Pharmaceuticals (+9.52%), Cleopatra Hospital Company (+9.35%)

📉 Top losers: Egyptian Iron & Steel (-4.74%),Gogreen for Agricultural Investment (-3.32%), Gourmet Egypt (-3.06%.)

⬆️ Top gainers for EGX30 included Orascom Construction (+5.0%), Rameda (+4.4%), and CIB (+2.9%).

⬇️ Top losers included: ADIB (-2.3%), EFG Holding (-1.6%), and Palm Hills Developments (-1.2%).

Other Important Stats: 

🧈 24K Gold reached EGP 7,712 per gram, up 0.22% day-on-day and up 11.37% month-on-month.

💲 The USD reached EGP 46.8 at the National Bank of Egypt.

Bonyan (BONY) has signed a six-year lease with Nestlé Egypt for Building A5 at the Golden Gate complex in New Cairo, with handover scheduled for next month, the real estate investment company said in a statement. The 6,900 sqm property will serve as the headquarters for Nestlé Business Services, the support services division of the Swiss food group.

Under the agreement, rent is set at USD 30.4 per square meter per month with a 5% annual increase, generating an estimated EGP 834 million over the lease term.

This announcement follows the recent delivery of A5 in September 2025, the company’s ninth operational asset.  

What management said

“The full leasing of Building A5 to Nestlé Egypt is a strong endorsement of our portfolio’s quality, strategic locations, and strong tenant relationship,” the group’s CEO Tarek Abdelrahman said.

“Securing such a global brand immediately following the building’s delivery demonstrates our ability to execute with precision and capture value swiftly. This achievement reinforces our position as Egypt’s leading platform for premium income-generating commercial real estate and marks another step forward in our sustainable growth journey,” he added. 

Recent financial performance

Bonyan’s earnings for the first nine months of 2025 rose slightly by 1% year-on-year to EGP 1.8 billion, while rental revenues grew 32% to EGP 547 million, supported by contract renewals and new leases.

In the third quarter alone, net income surged 207% to EGP 779 million, boosted by fair value gains from the Golden Gate asset. The company’s gross asset value also climbed 9% year-to-date to EGP 17.4 billion, reflecting ongoing property appreciation

Stay curious, stay invested — we’ll see you tomorrow.

Your daily market lens, signing off.