Pre-Trading Thoughts

African Development Bank BoD approved a USD271 mn loan to Egypt within the program to guarantee food security, as part of a FY2022-23 facility of USD1.07 bn in cooperation with WBG and ADB. MNHD’s Board stated that OCDI’s indicative acquisition price range of EGP3.20/share to EGP3.40/share does not reflect MNHD’s value. ORHD’s Makadi Heights is preliminarily considering bank debt to finance the faster construction in Makadi Heights. The Holding Company for Electricity will issue a tende...