Today: Tatweer Misr is targeting an EGX listing in 2027 as it secures financing for its EGP 70 billion North Coast project "Salt" ahead of other upcoming market debuts.

🔔 EGX30 ended +0.7% by market close at 52,608 points, the EGX70 rose 0.5% to 16,563 points, and the EGX100 rose 0.4% to reach 22,347 points.

💸 The number of transactions reached 208,030 spread across 3,321,148,227 stocks leading to a turnover of EGP 9.630 billion.

🏷️International investors were the only net buyers. 

📈 Top gainers for the market as a whole included Alexandria New Medical Center (+20.0%), Cairo Pharmaceuticals (+12.0%), Tycoon Holding Company For Financial Investments (+9.6%)

📉 Top losers for the market included Naeem Real Estate Holding Group (-4.6%), Pioneers Properties For Urban Development (-4.0%), and Rowad Tourism (-2.7%).

⬆️ Top gainers for EGX30 were Qalaa Holdings (+2.1%), GB Corp (+1.9%), and TMG Holding (+1.8%).

⬇️ Top losers for EGX30 included Telecom Egypt (-1.7%), Heliopolis Housing (-1.5%), and ADIB (-1.0%).

Other Important Stats: 

🧈 24K Gold reached EGP 6,611 per gram, up 1.0% day-on-day but down 6.8% month-on-month.

💲 The USD reached EGP 50.17 at the National Bank of Egypt.

Tatweer Misr is targeting an EGX listing in 2027 after spending the past two years overhauling its corporate governance and broadening its funding base, CEO Ahmed Shalaby told EnterpriseAM. The developer expects to post a third consecutive profitable year in 2026 — meeting one of the exchange's key listing requirements — and is close to appointing an IPO adviser, though Shalaby declined to name the firm, he said in comments to Al Arabiya.

Funding the North Coast flagship

The listing preparations are running alongside a major financing effort. Tatweer is assembling the funding package for Salt, its EGP 70 billion mixed-use development on the North Coast, using a combination of internal cash flows, sales proceeds, and long-term bank financing, with advanced talks underway with several local lenders. A recently launched EGP 20 billion, five-year securitization program will also help fund the project.

A busy IPO pipeline ahead

Tatweer may be joining a crowded IPO calendar. Qalaa Holdings is preparing Dina Farms for a 2027 listing, while Ahram Security Group has also pushed its planned EGX debut to next year as it finalizes its adviser and offering structure. Meanwhile, B Investments is working toward an IPO for pharmacy chain El Ezaby, which Chairman Hazem Barakat has previously said could also make its market debut in 2027.

Dates to keep an eye out for

July 15:

Hepco for Commercial Investments and Real Estate Development - record date for 0.8 bonus shares per original share. The distribution date is July 16.

July 20:

B Investments - record date for USD 0.030 per share. The distribution date is July 26.

July 26:

Lotus For Agricultural Investment- record date for 0.266 bonus share per original share. The distribution date is July 27.

Gourmet Egypt record date for EGP 0.216 per share. The distribution date is July 29.

July 29:

GB Corp - distribution date for EGP 0.15 per share. The record date was April 26.

July 30: 

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

Talaat Moustafa Group - distribution date for EGP 0.15 per share. The record date was May 18.