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

Today: Qalaa Holdings plans six EGX listings, an ALCN main shareholder rejects Black Caspian's buyout offer, Gogreen signs a multi-million jojoba export deal, and South Cairo & Giza Mills schedules public land auctions in January.

🔔 EGX30 ended -0.10% by market close at 41,689 points, the EGX70 fell 0.13% to 13,144 points, and the EGX100 decreased 0.11%  to reach 17,394 points.

💸 The number of transactions reached 132,382 spread across 2,485,042,018 stocks leading to a turnover of EGP 5.5 billion.

🏷️ Regional investors were the only net sellers.

📈Top gainers across the broader market Sabaa International Company for Pharmaceutical and Chemical (+19.74%), Catalyst Partners Middle East (+19.10%), and Arab Co. for Asset Management And Development (+12.50%).

📉 Top losers: Digitize for Investment And Technology (-6.11%,) South Cairo & Giza Mills & Bakeries (-5.91%), and El Kahera El Watania Investment (-5.29%.)

⬆️ Top gainers for EGX30 included TMG Holding (+2.9%), Beltone Holding (+2.3%), and Ibnsina Pharma (+1.3%).

⬇️ Top losers included: GB Corp (-1.9%), Misr Cement (-1.9%), and Emaar Misr (-1.8%).

Other Important Stats: 

🧈 24K Gold reached EGP 6,774 per gram, down 0.16% day-on-day but up 4.09% month-on-month.

💲 The USD reached EGP 47.67 at the National Bank of Egypt.

🔔 Qalaa Holdings plans to list six subsidiaries on the EGX over the next two years, as the group cuts its consolidated debt from USD 3.4 billion to USD 1.1 billion. (Read more in our Deeper Look section.) 

⛔ Alexandria Container and Cargo Handling (ALCN) said The Holding Company for Maritime and Land Transport won’t sell any of its 35.36% stake, rejecting a buyout offer from AD Ports Group SPV Black Caspian Logistics Holding aiming for a 90% stake.

🌿 Gogreen for Agricultural Investment (GGRN) signed a four-year framework agreement with Cargill to export and supply jojoba seeds and plants, worth an estimated USD 9 million, following international technical, quality, and sustainability standards. The deal runs from June 1, 2026, to May 31, 2030.

💵South Cairo & Giza Mills & Bakeries (SCFM)  plans to sell several of its land plots through public auctions. The company said it would auction the 1,403 m² Shona Handuq plot, the 1,761 m² Handuq mill site on January 5, and the 1,554 m² Bahbah mill land on January 11

📈 Egypt plans EGP 20 billion in new public-private partnership) projects across waste recycling, technical education, dry ports, and industrial and sanitary wastewater, Finance Minister Ahmed Kouchouk said. The framework aims to attract local and international private investment, ease pressure on public finances, and improve efficiency and service quality

💰 Egypt’s tourism sector had a record-breaking year in 2025, welcoming around 19 million visitors, a 21% increase over 2024, far above the global average of 5%. Key airports—Cairo, Hurghada, Sharm El Sheikh, and Marsa Alam—saw strong arrivals, while archaeological sites and museums hosted 18.6 million tourists, up 33.5% year-on-year

Qalaa Holdings is preparing to list six subsidiaries on the Egyptian Exchange over the next two years, with a total of 12 listings expected within six years, Chairman Ahmed Heikal told Al Arabiya Business in an interview.

Who could be involved?

One of the companies moving closer to an IPO is Dina Industrial, the food production unit of Dina Farms, which manufactures and packages dairy, yogurt, and cheese products. 

For context, Dina Farms recorded a net loss of EGP 8.8 million in Q1 2025, compared with a net profit of EGP 107.6 million a year earlier, due to margin pressure and higher operating costs.

Other companies that Qalaa is planning to list on the Egyptian Exchange include a subsidiary of Taqa, and Nile Logistics Company, according to Heikal.

Parent company financials

Heikal noted that Qalaa generated EGP 180 billion in revenues this year and described the group’s financial position as strong. The company cut its consolidated debt from USD 3.4 billion to USD 1.1 billion.

For reference, Qalaa reported a consolidated net loss after minority interest of EGP 43.0 million in Q1 2025, versus a net profit of EGP 7.2 billion in Q1 2024.

Sector focus

Qalaa’s investments remain focused on energy, alongside agriculture and livestock through Dina Farms and its subsidiaries, with additional planned listings including an energy-related company.