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

Today: Gourmet Egypt heads to the EGX with a 47.6% stake sale in February, as SCTS and Middle Delta Flour Mills report double-digit profit growth, while Valu secures an EGP 3 bn bridge loan from NBE ahead of its new bond issuance.

🔔 EGX30 ended +0.67% by market close at  43,346 points, the EGX70 fell 1.62% to 12,196 points, and the EGX100 fell 1.28%  to reach 16,435 points

💸 The number of transactions reached 114,801 spread across 1,350,033,382 stocks leading to a turnover of EGP 4.8 billion.

🏷️ Local investors were the only net sellers.

📈Top gainers across the broader market M.B Engineering (12.33%), Alexandria Spinning & Weaving (+7.17%), Saudi Egyptian Investment & Finance (+6.91%).

📉 Top losers: Engineering Industries (-8.50%), South Valley Cement (-7.09%), Arab Real Estate Investment CO (-6.56%.)

⬆️ Top gainers for EGX30 included CIB (+3.4%), ADIB (+3.2%), and Eastern Company (+1.9%)..

⬇️ Top losers included: GB Corp (-4.8%), EFG Holding (-4.0%), and Egypt Aluminum (-3.3%).

Other Important Stats: 

🧈 24K Gold reached EGP 7,048 per gram, down 0.86% day-on-day but up 6.96% month-on-month.

💲 The USD reached EGP 47.24 at the National Bank of Egypt.

🔔 Gourmet Egypt is set to debut on the EGX this February through a 47.6% secondary stake sale by B Investments (BINV) and the Abu Ghazaleh family. The high-growth retailer, which recorded EGP 2.1 billion in 2024 revenue, is being brought to market by EFG Hermes. (Read more in our Deeper Look section).

💰Sues Canal Company For Technology Settling (SCTS) reported a 22.9% year-on-year increase in consolidated net profit, reaching EGP 1.14 billion for the first quarter of FY2025-2026. This growth was driven by a rise in quarterly revenues, which climbed to EGP 1.56 billion compared to EGP 1.23 billion in the same period last year. The company's share value is up 206% over the past year

💸 Middle and West Delta Flour Mills (WCDF) reported a 39% year-on-year surge in net profit to EGP 225.98 million for the first half of FY2025-2026. This growth was supported by a rise in semi-annual revenues, which climbed to EGP 1.34 billion compared to EGP 1.26 billion in the prior-year period.The company's share value is up 46% over the past year

💵 The National Bank of Egypt has granted U Consumer Finance (VALU) an EGP 3 billion short-term credit facility to support its ongoing operations and business sustainability. The financing serves as a liquidity bridge until Valu completes its upcoming bond issuance

💰The Ministry of International Cooperation confirmed that Egypt has secured EUR 1 billion from the European Union, with an additional EUR 3 billion scheduled to arrive in two separate installments throughout 2026. This funding is a key component of the EU’s EUR 5 billion macro-financial aid program designed to support Egypt's economy. The initial portion of this total package was already delivered in January 2025.

🚢 Global shipping giant Maersk has officially begun rerouting its India-Middle East-US East Coast service back through the Suez Canal. This strategic return signals a significant move by major shipping lines to resume transit through the Red Sea as regional maritime traffic begins to stabilize. Suez Canal traffic from July to mid-December generated USD 1.97 billion, up 17.5% from the same period last year and signaling a gradual return to normalcy following disruptions caused by Houthi attacks. Suez Canal Authority head Osama Rabie expects revenues to grow to around USD 8 billion in 2026/2027 and USD 10 billion in 2027/2028, underlining the canal’s key role as a major source of foreign currency for Egypt.

Up to 47.6% of Gourmet Egypt is set to be listed on the Egyptian Exchange, according to an announcement from the company. The planned debut is expected for February, featuring a dual-track offering consisting of a private placement for global institutions and a retail tranche for domestic investors.

As a 100% secondary sale, existing owners will be divesting shares rather than issuing new ones. Specifically, B Investments (BINV) and the founding Abu Ghazaleh family are the sellers, though B Investments intends to remain a significant shareholder with a 40% post-IPO stake.

The retailer has shown significant scale and growth leading up to the float:

EFG Hermes is acting as the sole global coordinator and bookrunner for the transaction.

There is other news from parent company B Investments:

In an interview with Al Arabiya Business, the Chairman of B Investments Holding stated that the company is currently exploring various exit strategies  for its other companies, including potential new IPOs on the Egyptian Exchange to capitalize on renewed market activity. He also noted that the firm is actively pursuing new investment opportunities across multiple sectors. The group aims to finalize deals valued between EGP 2 billion and EGP 3 billion throughout 2026.

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

Your daily market lens, signing off.