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ENERGY-
The government plans to attract USD 5.5 bn in foreign investment in the oil and gas sector with plans to drill 133 new oil and gas wells in FY 2025-2026, a government official told Al Arabiya. The Oil Ministry aims to drill around 70 wells in the first half of the fiscal year and more than 60 wells in the second half, all through the Egyptian Natural Gas Holding Company (Egas) and the Egyptian General Petroleum Corporation.
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The details: Gas concessions drilling will focus on the Red Sea, the Mediterranean, the Nile Delta, and the Western Desert, while oil drilling plans will focus on basins in the Gulf of Suez, the Western Desert, and the Mediterranean.
CAPITAL MARKETS-
Zaldi Capital’s investment arm Zaldi Investment is looking to launch three new investment funds this year, an equity fund, an EGX33 Shariah Index tracker, and a Shariah-compliant fund, the company’s head of promotions Mohamed Alsherif told Al Borsa.
NBFS-
PFI, Cayesh to launch factoring JV: Post for Investment (PFI) — the investment arm of Egypt Post — partnered with homegrown fintech startup Cayesh to establish a new factoring company, PFI Cayesh Factoring, according to a press release(pdf). The venture has already secured initial approval from the Financial Regulatory Authority and is expected to launch operations in 4Q 2025, offering supply chain financing solutions tailored to SMEs.
EARNINGS WATCH-
#1- AMOC sees revenues, net income edge up in FY 2024-25: Alexandria Mineral Oils Company (AMOC) reported an attributable net income of about EGP 1.5 bn in FY 2024-2025, up from EGP 1.3 bn the year before, according to the company’s latest financials statement (pdf). Net sales came in at EGP 37.6 bn, marking an 11.2% y-o-y increase.
#2- Alexandria Containers reported a net income of EGP 6.4 bn in FY 2024-2025, up 23% y-o-y, according to the company’s financial statement (pdf). Revenues also increased during the year, rising 26% y-o-y to EGP 8.3 bn.
#3- Alexbank’s net income rose 28.5% y-o-y in 2Q 2025 to EGP 3.8 bn, according to the bank’s latest financial statement (pdf). The bank’s net income in 1H 2025 rose 46.9% y-o-y to EGP 7.5 bn.
