Latest equities, bonds, and regulatory news from Egypt, updated daily.
Egypt’s securities market is organised around three institutions. The Egyptian Exchange lists and trades the shares, the Financial Regulatory Authority licenses and supervises the non banking financial sector, and Misr for Central Clearing, Depository and Registry acts as the central depository, the registry and the central counterparty for settlement. The headline equity benchmarks are the EGX30, covering the largest constituents, and the equally weighted EGX70EWI, which reaches further down the list. Both feed international index calculations, and Egypt’s main market and SME segment are treated separately in those rules.
Settlement runs on a T+2 cycle, written as SD+2 in the depository’s own rulebook. MCDR operates the Settlement Guarantee Fund, created under Central Depository Law 93 of 2000 and governed by the rules attached to FRA board decision 68 of 2024. The fund stands as central counterparty for cash and securities obligations on securities listed on the Egyptian bourse, covers the risk that a member fails to pay for purchased securities or fails to deliver sold ones, classifies members into risk categories and can call additional contributions from members. Price eligibility rules give a sense of how thin parts of the market are: a security’s traded value screen sits at 0.5 per cent of average daily value over three months, or EGP 300,000 for the main market and EGP 150,000 for SMEs, whichever is higher, alongside minimum counts of discrete buying and selling brokers that are looser for EGX30 constituents than for everything else.
The FRA has been rewriting the rulebook rather than tinkering with it. On Tuesday 10 February 2026 its board approved a comprehensive overhaul of the listing and delisting rules, opening new routes for newly established companies that cannot meet the financial statement history or minimum capital tests, while tightening governance. Under the revised rules a shareholder holding 10 per cent or more must retain 51 per cent of that stake for two years, down from 75 per cent, subject to a floor of 25 per cent of total shares; listed companies must build and maintain an insider register covering holders of 20 per cent or more; and a fair value study is required when listed shares worth 10 per cent or more of equity change hands at a price more than 10 per cent away from the exchange closing price.
Short selling followed. FRA board decision 155 of 2026, announced on Wednesday 19 August 2026 under chairman Islam Azzam, set the framework for borrowing securities to sell them. Brokers must collect a cash margin of at least 50 per cent of the market value of the borrowed securities before execution. Borrowed stock is capped at 40 per cent of a listed company’s free float, with 5 per cent for contracts between a broker, a lender and a borrower, and 2 per cent for any single client and related persons. Only shares the exchange selects and the FRA approves may be lent.
Macro conditions frame all of it. In its fifth and sixth reviews under the Extended Fund Facility, Country Report No. 26/69 of February 12, 2026, the IMF recorded inflation falling to 11.9 percent in January 2026 while the state divestment programme ran behind schedule. GSN covers Egyptian listings, results, FRA rulemaking and the state asset sales that keep being deferred.
Sources
This overview is based on the official documents listed below, last checked 2026-09-03. Figures are as stated in those documents.
Orascom Construction posted first half 2026 revenue of USD 2,978.0 million and EBITDA of USD 200.9 million, with consolidated backlog reaching USD 10.9 billion.
Qalaa Holdings told the Egyptian Exchange that the Egyptian Refining Company repaid $244 million of subordinated debt, cutting the outstanding balance to $565 million.
Egyptian snack food producer Edita Food Industries reported second quarter revenue of EGP 6.5 billion, up 30.5% year on year, and net profit of EGP 706.7 million.
Egyptian pharmaceutical distributor Ibnsina Pharma reported first half gross revenues of EGP 43.2 billion, up 18.1%, and net profit of EGP 511.3 million, up 31.5%.
Egyptian developer Madinet Masr said it has bought back 1% of its outstanding shares under a board authorisation allowing purchases of up to 2% of total shares.
eFinance Investment Group said its eFinance unit signed a cooperation protocol with Egypt's State-Owned Enterprises Unit to host and operate the Rasheed platform.
An educational explainer on how Egyptian Exchange indices are built: constituent selection criteria, free float and weight capping adjustments, and the divisor's role in keeping the series continuous.
An educational look at how cumulative voting works in board elections at companies listed on the Egyptian Exchange, and how a simple formula sets the minimum share of votes needed to secure one seat.
A detailed look at how bonus share issues funded by capitalizing reserves work in Egypt, from extraordinary general meeting and FRA approval to the reference price adjustment and share registration.
An educational look at how Egypt's investor protection fund for settlement irregularities works: how it is funded, the limits of its coverage, and how claims are reviewed and compensation paid.
An educational explainer on how immediate material event disclosure works on the Egyptian Exchange, from the materiality standard to the official publication channel and the temporary trading halt that keeps everyone on the same information.
An educational explainer on the difference between the limited review of interim statements and the full audit of annual statements in Egypt, the role of the audit committee and the auditors register, and what a qualified opinion means.
A look at the rules that set deadlines for EGX-listed companies to disclose their quarterly and annual results, and how the exchange manages trading in a stock around these sensitive moments.
How the Egyptian Exchange's SME listing tier sets admission thresholds, why a licensed financial advisor is an ongoing condition of listing, and how a company moves up to the main market.
How does Egypt's Financial Regulatory Authority let investors sell shares they don't own? An explainer on securities lending on the Egyptian Exchange: eligible stocks, required collateral, and how lenders and borrowers are matched.
An educational explainer on how bondholders' rights are organized in Egypt through the bondholders' group and its representative, and how covenants and credit ratings monitor the issuer.
An explainer on how the Central Bank of Egypt's primary dealer system works for auctioning treasury bills and bonds, including how the cut-off yield is set and allotments are decided among participating banks.
An educational explainer on how Egypt's sovereign sukuk are structured: the role of the special purpose company, the transfer of usufruct rather than title, and where the periodic return comes from until maturity.
Why does a stock listed on the Egyptian Exchange stop moving even as buy and sell orders keep flowing in? An explainer on how daily price limit bands work and what happens when a stock hits its upper or lower limit.
The criteria behind List B of the specialised activity lists, the FRA board rules governing the same-session dealing mechanism, and the same-day settlement rules applied at Misr for Central Clearing, Depository and Registry.
Chapter 12 of the Executive Regulations of Capital Market Law 95 of 1992 sets the one third, one half, two thirds and three quarters thresholds that trigger a mandatory tender offer, the price floor, the exemptions and the FRA's role.
Before any corporate bond offering reaches Egyptian investors, its prospectus undergoes rigorous legal and financial scrutiny within the Financial Regulatory Authority, here's how the process actually works.
When a company announces a price range for its IPO, observers often assume the final price will land in the middle. But pricing at the high end is no accident, it's a direct consequence of how order books are built.
The structural difference between private placements and initial public offerings centers on investor-class restrictions and disclosure requirements.
Not all shares offered in an initial public offering are distributed the same way. Learn how the Egyptian market divides shares between individual and institutional investors.