Today: Osool ESB is ramping up its acquisition strategy across sectors, seeking to increase its stake in Talaat Moustafa Group while expanding into pharmaceuticals and tourism, while Valu secured an EGP 600 million EBRD facility to accelerate green financing for solar energy and electric vehicles.

But before we start… a quick programming note: Happy Islamic new year to our readers. The EGX will be off tomorrow for the holiday, and so will we. Enjoy the celebrations and long weekend — and we’ll be back in your inboxes on Sunday morning.

🔔 EGX30 ended -0.5% by market close at 52,047 points, the EGX70 rose 0.2% to 15,483 points, and the EGX100 increased 0.2% to reach 21,262 points.

💸 The number of transactions reached 193,398 spread across 3,270,320,751 stocks leading to a turnover of EGP 10.153 billion.

🏷️Local investors were the only net buyers. 

📈 Top gainers for the market as a whole included Tycoon Holding (+20.0%), Extracted Oils (+20.0%), Egyptian Arabian( Themar) Comp. For Securities&Bonds Brok. EAC (+20.0%).

📉 Top losers for the market included Subscription Rights Of Aspire Capital (-10.2%), Arabia Investments Holding (-7.7%), and Misr Beni Suef Cement (-7.2%).

⬆️ Top gainers for EGX30 were Kima (+4.2%), EFG Holding (+3.2%), and Valmore Holding -EGP (+2.1%).

⬇️ Top losers for EGX30 included E-finance (-2.7%), Eastern Company (-2.3%), and Abu Qir Fertilizers (-2.2%).

Other Important Stats: 

🧈 24K Gold reached EGP 7,228 per gram, down 1.3% day-on-day and down 9.1% month-on-month.

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

Osool Investments — Osool ESB's unlisted sister firm — is doubling down on Egyptian blue-chips — and real estate giant Talaat Moustafa Group (TMGH)  is squarely in its sights.

Building on a blue-chip bet:

Chairman Ayman Sabry confirmed to EnterpriseAM that the firm intends to grow its existing position in TMGH, currently below the 5% threshold, though he kept the scale and timing of any increase close to his chest. The rationale, he suggested, barely needs spelling out: TMGH's hospitality arm is firing on all cylinders, and its Saudi expansion — anchored by a landmark partnership with the Public Investment Fund — opens the door to premium land and capital at a magnitude Sabry described as putting the group on "an unprecedented growth trajectory."

Remember, TMGH is expanding throughout the Arab world:

Beyond KSA,Talaat Moustafa Group recently secured a license and land allocation to develop a massive 12.8-million-square-meter mixed-use urban community in southwest Baghdad, projecting USD 18.8 billion in total sales and USD 108 million in annual recurring revenues once complete. The 16-year project adds roughly USD 3.58 billion to TMGH's land portfolio and underscores the Egyptian developer's accelerating regional push, which now spans KSA, Oman, and Iraq — with a target of housing more than 1.5 million residents across its Gulf and Egyptian developments by 2030.

Recent stock performance:

Interest in Talaat Moustafa Group also makes sense given that the company’s share value has been rising. The stock is up 18.9% since the beginning of the year, bringing its gains over the past 12 months to 77%

A pharma debut worth EGP 256 million:

The TMGH move is only the latest chapter in what is shaping up to be an aggressive dealmaking run for Osool. Through affiliated vehicles, the firm deployed roughly EGP 256 million to make its debut in the pharmaceutical space, acquiring a direct stake of 1.89% in EGX70-listed Memphis Pharma (MPCI)— equivalent to around 27,400 shares purchased for EGP 6.1 million in a disclosed transaction. Related entities push the group's combined footprint in Memphis to just over 5%.  Memphis Pharma has similarly seen a good start to the year, with its share price rising 41% since the beginning of the year. Compared to levels recorded a year ago, it is up 215.7%

Tourism, real estate — and more to come:

Osool has also quietly picked up a 25% stake in Mena Touristic and Real Estate Investment (MENA), another EGX70-listed name, for an undisclosed sum, Sabry told the news outlet. MENA is up 38.7% since the beginning of 2026, and is up 52.3% over the past year.

Sabry said that Osool has an appetite for more, saying the firm will continue targeting companies that combine strong underlying assets, sound operational fundamentals, and — in his words — "distinguished management."

Egypt's buy-now-pay-later heavyweight Valu (VALU) has landed an EGP 600 million loan from the European Bank for Reconstruction and Development, with the capital earmarked specifically for households looking to invest in solar power and electric vehicles, according to a statement.

The EBRD is sweetening the deal with a EUR 74, 900 (about EGP 4.4 million) technical cooperation grant to help Valu develop tailored green finance products and build the infrastructure to track eligible retail investments.

Not its first green rodeo:

The EBRD facility is the latest move in what is becoming a recognizable strategic pattern for Valu. The fintech struck deals late last year with renewable energy players Infinity and KarmSolar to finance EV charging infrastructure — signaling that green lending is no longer a side bet for the platform, but an increasingly central pillar of its growth story.

The bigger picture:

The tie-up also reflects a broader push by the EBRD to channel capital into retail-level clean energy adoption in Egypt — a market where rooftop solar and electric mobility remain significantly underpenetrated despite growing consumer appetite. For Valu, locking in institutional backing at this scale gives it both the firepower and the credibility to accelerate what could become one of the more compelling green consumer finance plays in the Egyptian market.

Market reaction:

VALU rose 2.4% by market close yesterday following the news, bringing its gains since the start of the year to 26.7%. Compared to levels recorded a year ago, the company’s share value is up 61%.

Dates to keep an eye out for

June 21:

Launch of futures contracts for CIB and Talaat Moustafa Group (revised from June 18).

Misr Beni Suef Cement - distribution date for EGP 10 per share. The record date was June 15.

The United Bank - record date for EGP 0.75 per share. The distribution date is June 24.

24 June:

Abu Qir Fertilizers - distribution date for EGP 1.30  per share. The record date was April 19th.

National Housing for Professional Syndicates - record date for EGP 1.75 per share. The distribution date is June 29.

EFG Holding - record date for EGP 0.278 per share. The distribution date is June 29.

Kafr El Zayat Pesticides - record date for 0.2 bonus shares per original share. The distribution date is 25 June.

Suez Canal Company for Technology Settling - record date for EGP 13 per share. The distribution date is June 29.

E-Finance - record date for EGP 0.119 per share. The distribution date is June 29.

Al Shams Housing and Urbanization - record date for EGP 0.050 per share. The distribution date is June 29.

28 June:

Eastern Company - distribution date for EGP 0.45 per share. The record date was May 20th.

29 June:

Misr Cement - distribution date for EGP 5 per share. The record date was April 22nd.