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ENERGY-
US oil producer Apache plans to boost its gas production in Egypt by 15% to reach 550 mcf/d in 4Q 2025, Asharq Business reports, citing an unnamed government official. The company plans to increase its production through its Western Desert concessions, which are set to add around 70 mcf/d of natural gas once upgrades are completed, the official said.
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REMEMBER- Apache revealed in February that it plans to kick off a USD 60 mn drilling program in its Western Desert block in March, which it said at the time will ramp up its natural gas production by 80 mcf/d.
IPO WATCH-
More details on Geos’ upcoming EGX debut: Geos for Trading and Contracting is looking to raise between EGP 240-250 mn from its planned EGX listing, Investment Director Hossam Eid told Al Mal. The company plans to float around 26 mn shares — equivalent to a 25% stake — with 15% allocated to private placement and 10% to retail investors. Proceeds will go toward boosting liquidity and expanding operations.
Some shareholders will partially exit: Eid said major shareholders are preparing to sell around 25% of their stakes as part of the IPO.
REMEMBER- Al Borsa reported earlier this week that Geos is targeting a November tradingdebut pending FRA approval of its fair value study. The company was listed on the EGX last week with EGP 105 mn in issued capital, divided across 105 mn shares.
MANUFACTURING-
Egypt Gulf Elevators and Escalators plans to invest USD 30 mn in a new production line at its Obour City plant, Al Mal reports. The line is expected to boost output to meet rising local demand for elevators and escalators.
SPORTS-
A consortium of Chinese investors has submitted a proposal to Al Ahly Club to establish six football-focused companies with investments of EGP 1.7 bn, Al Borsa reports. The plan would see investments in football equipment manufacturing, marketing agencies, and team promotion. The projects are set to begin execution in early 2026 following Al Ahly’s board approval.
