Pre-Trading Thoughts

BINV’s BOD has accepted a binding offer for the sale of its entire stake (44.7%) in Giza Systems to a subsidiary of STC; The offer values 100% of Giza Systems at an Enterprise Value of USD145 million; Transaction has an implied EV/EBITDA22 of 5.8x and P/E22 of 9.0x; BINV is expected to distribute dividends post the exit Industrial Development Authority decided to have the tender for the new cigarettes manufacturing license yesterday, with "Phillip Morris" as the sole bidder DOMT received an a...