Today: OB Financial returns to profitability and ramps up capital for its subsidiary’s targeted acquisition of Brown Nose Coffee + Egypt’s telecom operators are lobbying the government for service fee hikes to counter rising operational costs and currency pressures. Let’s take a look.

🔔 EGX30 ended +0.8% by market close at 47,651 points, the EGX70 rose 0.4% to 12,895 points, and the EGX100 increased 0.5% to reach 17,978 points.

💸 The number of transactions reached 165,291 spread across 2,678,244,946 stocks leading to a turnover of EGP 7.574 billion.

🏷️ International investors were the only net sellers.

📈 Top gainers for the market as a whole included Suez Canal Company For Technology Settling (+20.0%),Samad Misr (+20.0%), and Egyptian Financial & Industrial (+12.2%).

📉 Top losers for the market included Macro Group Pharmaceuticals (-9.2%), Copper For Commercial Investment & Real Estate Development (-5.6%), and Egyptian Gulf Marseilia For Real Estate Investment (-5.6%).

⬆️ Top gainers for EGX30 included Valmore Holding -EGP (+5.2%), Raya Holding (+3.7%), and ADIB (+3.0%).

⬇️ Top losers included Egypt Aluminum (-2.3%), Beltone Holding (-1.7%), and AMOC (-1.5%).

Other Important Stats: 

🧈 24K Gold reached EGP 8,122 per gram, down 0.7% day-on-day and down 0.3% month-on-month.

💲 The USD reached EGP 54.39 at the National Bank of Egypt.

OB Financial Holding (OFH), formerly Orascom Financial and acquired by B Investments (BINV) in 2024, reported a major turnaround in 2025, swinging from a loss of EGP 5.24 million in 2024 to a net profit of EGP 585.31 million, according to a statement to the EGX.

B2C subsidiary ramps up capital

OB Financial is completing a capital increase for its 99.92%-owned subsidiary B2C, injecting EGP 30 million to raise the subsidiary’s paid-up capital to EGP 60 million from a total authorized capital of EGP 110 million.

Strategic acquisition on the horizon

Sources told Al Borsa last week that B2C is targeting a 25% stake in Brown Nose Coffee, in a deal valuing the company at roughly EGP 1.5 billion. The deal will reportedly be executed in stages, starting with an initial 25% stake, with plans to gradually increase ownership beyond 50%, a source told Asharq last month. Approvals from the Egyptian Competition Authority have already been secured.

B Investments’ bigger plan

These moves align with parent company B Investments’ plan to deploy EGP 2–3 billion in investments over 2026–2027 across education, food, and healthcare, focusing on defensive sectors with sustainable growth

Stocks’ performance

OB Financial’s share value is up 37.3% over the past twelve months, while B Investments is up 84.8%.

The cost of mobile and internet services in Egypt may soon rise as the nation’s major carriers lobby the government for a pricing overhaul. Industry insiders told Asharq that Telecom Egypt (ETEL), Orange Egypt, and e& are pushing for a tariff increase of between 15% and 20% to offset a challenging economic climate.

The economic driver

The request for higher rates is primarily a defensive move against spiraling overhead. Since the onset of regional instability involving the US, Israel, and Iran, the Egyptian pound has faced significant pressure against the dollar. This pressure, coupled with recent spikes in domestic fuel prices, has made it increasingly expensive for operators to maintain the physical infrastructure—such as cell towers and data centers—required to keep the country connected.

Regulatory hurdles

While the operators are eager to adjust their price lists, the final decision rests with the National Telecommunications Regulatory Authority (NTRA). The regulator has historically been cautious about greenlighting such moves to shield the public from inflation; in fact, it turned down a more aggressive 30% increase proposal just last month. One source told the news outlet that while a compromise is likely, the NTRA will likely approve a more modest figure than the 20% requested by the firms.

Investor confidence surges

Despite the pending regulatory approval, the stock market reacted with enthusiasm. ETEL rose 4.8% compared to Thursday’s session over the past two days, bringing the stock’s gains since the beginning of 2026 to 34% and its gains over the past 12 months to nearly 159%.

Today:

Arab Moltaqa Investments - record date for EGP 0.10 per share. The distribution date is April 14.

April 9th:

Arabian Cement - record date for EGP 5.34 per share. The distribution date is April 16.

Al Baraka Bank - record date for EGP 1.1 per share. The distribution date is April 16.

Egyptians for Housing and Development - record date for EGP 0.10 per share. The distribution date is April 16.