Today: EFG Holding is expanding its education platform with a USD 300 million investment plan across Egypt and Saudi Arabia, while GB Corp’s Drive Finance completed an EGP 2.2 billion securitization to support continued lending growth. Let’s jump in.

🔔 EGX30 ended -0.7% by market close at 51,973 points, the EGX70 rose 0.6% to 14,387 points, and the EGX100 rose 0.2% to reach 19,973 points.

💸 The number of transactions reached 265,684 spread across 2,601,864,731 stocks leading to a turnover of EGP 12.027 billion.

🏷️ Local investors were the only net buyers.

📈 Top gainers for the market as a whole included Amer Group Holding (+11.5%), Nozha International Hospital (+9.5%), and El-Nile Co. For Pharmaceuticals And Chemical Industries (+9.2%).

📉 Top losers for the market included Misr Fertilizers Production Company (-10.1%), Alexandria New Medical Center (-8.2%), and Cairo Educational Services (-5.2%).

⬆️ Top gainers for EGX30 included Qalaa Holdings (+2.8%), Misr Cement (+2.3%), and Juhayna (+1.3%).

⬇️ Top losers included Raya Holding (-4.0%), Valmore Holding -EGP (-3.4%), and Orascom Investment Holding (-3.2%).

Other Important Stats: 

🧈 24K Gold reached EGP 7,928 per gram, down 0.4% day-on-day and down 4.1% month-on-month.

💲 The USD reached EGP 53.48 at the National Bank of Egypt.

EFG Hermes, part of EFG Holding (HRHO), plans to invest up to USD 300 million in its education platform MindSpire Education, with more than USD 100 million already deployed, according to Karim Moussa, Co-CEO of EFG Hermes, in an interview with Argaam.

Expansion into Saudi Arabia:

MindSpire, formerly Spark Education Platform, is expanding from Egypt into Saudi Arabia with the planned launch next year of the first branch of Egypt’s Hayah Schools. The school will operate under the IB curriculum, with US-based Fulton Science Academy supporting the STEM track. The move reflects EFG’s strategy of exporting scalable education models into regional growth markets.

Regional education platform:

The platform operates more than 20 schools and serves over 20,000 students across Egypt and Saudi Arabia. Its ecosystem includes partnerships with GEMS Education and Egyptian education brand Selah El Telmeez, strengthening its integrated K-12 offering.

EFG said expansion will be driven by acquisitions and selective greenfield development, with operations already live in Riyadh and further rollout planned in Jeddah and the Eastern Province. 

Egypt footprint and strategic expansion:

In Egypt, MindSpire is part of a partnership between EFG Holding and Talaat Moustafa Group (TMGH) to develop an integrated education district within the Noor City project. The platform will manage a private university and a network of K-12 schools, marking EFG’s entry into higher education and expanding its education footprint within large-scale urban developments.

Funding runway:

Total commitments to the Saudi Education Fund have exceeded USD 200 million, with around half already deployed. EFG plans to raise an additional USD 100 million in 2026, bringing total capital to USD 300 million, to be deployed over the next two to three years.

Why it matters for HRHO investors:

For investors in EFG Holding on the EGX, MindSpire represents a growing private equity and alternative investments vertical within the group. The platform expands EFG’s earnings exposure beyond capital markets into long-duration, education-linked assets, with increasing exposure to Saudi Arabia’s fast-growing private education sector and scalable Egypt-originated education platforms.

GB Corp (GBCO) car finance arm Drive Finance has completed its seventh securitization issuance worth EGP 2.175 billion, arranged by CIB, as part of efforts to strengthen liquidity and support its expansion plans in Egypt.

The multi-tranche issuance, which carries strong credit ratings across tenors, highlights continued investor appetite and reinforces Drive’s access to structured financing to fuel growth.

Strong funding momentum:

The issuance builds on an active funding year for Drive Finance, which also secured a syndicated loan facility worth EGP 5 billion and completed a previous securitization during FY2025, further strengthening its liquidity position and funding diversification.

Solid operational performance:

Drive delivered a strong FY2025 performance, with its financing portfolio expanding 54.3% year-on-year, supported by continued momentum in both auto loans and buy-now-pay-later (BNPL) products. Total disbursements rose 57% during the year, driven by broader product offerings, deeper market penetration, and expanded geographic reach.

Market position and product growth:

The company captured a 25% share of Egypt’s auto loan market in 2025, reinforcing its “leading position,” according to GB Corp’s latest earnings release. Meanwhile, its consumer finance arm, Forsa, continued to scale rapidly, with BNPL disbursements rising 83% year-on-year, supported by strong merchant activity and a high-quality loan portfolio.

May 6:

Misr Fertilizers Production Co - distribution date for EGP 1 per share. The record date was May 3.

Egypt Gas - distribution date for EGP 0.5 per share. The record date was May 3.

May 10:

Delta for Printing and Packaging - distribution date for EGP 10 per share. The record date was May 4.

Tawasoa For Factoring - distribution date for EGP 0.07 per share. The record date was May 4.

Pyramisa Hotels and Resorts - record date for EGP 4 per share. The distribution date is May 13.

⚡ Egypt’s Ministry of Petroleum will allocate five LNG cargoes per month to industrial users starting June, aiming to secure gas supply ahead of peak summer demand, according to a source who spoke to Al Arabiya Business. The move comes after the government earlier this week raised natural gas prices for energy-intensive industries by USD 2 per million British thermal units, as part of a broader effort to balance industrial support with cost recovery. 

🌱 The government has imposed a USD 90/ton export fee on nitrogen fertilizers just as producers are benefiting from global shortages, with urea prices reaching around USD 890/ton — nearly double pre-crisis levels, EnterpriseAM notes. The move comes alongside higher gas costs (which make up ~70% of production), creating a margin squeeze for EGX-listed players in the fertilizer sector like Abu Qir (ABUK) and Kima (EGCH), as the government looks to capture windfalls and secure more supply locally.

🍞 Egypt is moving to raise around USD 1.4 billion in financing to support strategic food imports and bolster reserves, according to people familiar with the matter who spoke to Asharq. The plan includes syndicated Gulf bank loans and Islamic financing, coming as global food prices climb amid geopolitical tensions and tighter agricultural supply conditions. 

✈️ Egypt welcomed 5.6 million tourists in the first quarter of 2026, up 43.5% year-on-year, driving revenues to nearly USD 5.1 billion, a 34% YoY increase, Tourism Minister Sherif Fathi said yesterday. The surge builds on a record 19 million visitors in 2025 (+21% YoY) with USD 24 billion in revenues, and the government is now targeting 21 million tourists in 2026, reinforcing tourism as a key hard currency engine for the economy.