INVESTMENT

El Marakby Steel is partaking in a USD 30 mn, three-year plan to ramp up global exports, Chairman Hassan Elmarakby told Al Arabiya. The strategy kicked off in 2024 and will see the company expand its product range and upgrade its steel grades through a USD 10 mn investment, in addition to building a solar power station to feed its factory at an estimated cost of USD 20 mn. The steel maker aims to record USD 120 mn in exports this year, up 10-15% y-o-y, the chairman said.

MANUFACTURING

Homegrown TBS Holding plans to carry out a EGP 250 mn local expansion plan over the coming three years, which will include a new factory aimed at tripling its production capacity, CIO and co-founder Sameh El Sadat told Al Mal. The new factory is expected to be completed in early 2026 and is part of a wider plan for the F&B player to expand its local market presence.

ICYMI- The company plans to invest USD 40 mn in the Saudi market over the next three years. F&B player had announced that it will open a commercial-scale bakery in Saudi Arabia in partnership with Saudi food and beverage player Shahia Investments under a strategic partnership inked between the two sides.

CAPITAL MARKETS-

FRA expands settlement fund trading capacity: The Settlement Guarantee Fund (SGF) can now allow members to settle trades worth up to 6x their capital contributions for transactions with shorter-than-usual settlement periods, according to a statement by the Financial Regulatory Authority (FRA). The move — mandated under a FRA decision issued last year — is expected to boost market liquidity by enabling faster settlements and reducing counterparty clearing risk. Fund members may also raise their capital contributions to increase their trading limits.

SGF? The fund is a safety net managed by Misr for Central Clearing, Depository, and Registry, which ensures all trades on the EGX are settled on time — even if one party defaults. It covers both cash and securities shortfalls, helping to reduce counterparty risk, boost market stability, and build investor confidence.

EXPANSION-

Madinet Masr plans to expand its non-residential portfolio, with a focus on commercial and administrative developments, Hapi Journal reports, citing CEO Abdallah Sallam. The property developer sees this segment as its future backbone, with long-term revenue potential to support growth, Sallam said.

And expanding into the hospitality sector: Sallam also revealed that Madinet Masr is set to launch a hospitality arm this year to handle hotel operations and room management. Another subsidiary is also in the pipeline, with details to be announced soon.

FINTECH-

MNT-Halan receives regulatory green light to implement e-KYC: Local fintech player MNT-Halan secured approval from the Financial Regulatory Authority to add electronic Know Your Customer (e-KYC) to its services and allowing for a “fully digital onboarding experience,” according to a company statement (pdf). The move will allow users to open and activate their accounts instantly.

MEDIA-

Google tapped Aleph’s Mediam Group to be its official media sales partner in Egypt, a press release reads. The partnership will see Mediam offer businesses on-the-ground support through a team of certified specialists, while Google will continue to manage select clients directly.

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