Prime Morning News
January 21, 2018
Macro News
The President of Egypt Abdel Fattah El-Sisi announced on
Friday that he will run for a second term. The elections will be
held around two months from now, as Egyptians across the country
will be voting between 26 and 28 March.
Source: Al Ahram, January 20th
The Supply Ministry is planning to raise Egypt’s wheat stor-
age capacity 3.9mn tons by 2022, ministry officials said at
the state of the nation conference which took place over the
weekend. Supply Minister Ali El Moselhy said that the ministry is
looking to develop 75 wheat silos over the coming two years, with
each silo having a storage capacity of up to 5,000 tons. The ministry
had green-lit the development of 300 shounas as part of the second
phase of Blumberg Grain’s shouna project, while the Military Produc-
tions Ministry has formed a JV with Russian agriculture conglomerate
Rusagro called Rusagro Egypt, which will develop mills and silos.
Source: Al Borsa, January 18th
The New Administrative Capital Company has decided to
stop tendering land intended for residential mixed-use de-
velopments at the new capital for the next 18 months, gov-
ernment sources said. The company plans to auction off more land
for phase two of development in early or mid-2019.
Source: Al Borsa, January 20th
The Transport Ministry has begun working on the first phase
of an express train connecting Alexandria, Cairo and Aswan,  Source: Al Borsa, January 18th
Minister Hisham Arafat announced on Friday. The first phase will be
connected to the existing railway between Cairo and Alexandria. The
second phase, which is currently under study, will connect Giza to
Aswan through Assiut and Luxor.
Source: Al Masry Al Youm, January 20th
Prime Research
Corporate News
The nation’s three private mobile network operators will be
able to operate virtual fixed-line phone services as of
2H2018. MNOs had purchased the fixed-line licenses back in
2016 at USD 11.26mn a piece. Once the service comes on stream,
MNOs will be allocated 3mn phone lines in Cairo and Alexandria, as
well as 300k lines in the different governorates, National Telecom-
munications Regulatory Authority (NTRA) head Mostafa Abdel
Wahed said.
Source: Al Youm Al 7, January 19th
The central bank’s Mortgage Finance Fund has signed agreements
with  Credit Agricole (CIEB.CA) (Under Review)  and Faisal Is-
lamic Bank (FAIT.CA) (Hold |F.V: EGP 17.51/share),  that will
see them make EGP 500mn and EGP 200mn, respectively, available
to financing housing purchases for the mid- and low-income seg-
ment.
Source: Al Borsa, January 20th
An Orascom Telecom Media and Technology Holding
(OTMT.CA)-LafargeHolcim consortium is finalizing approvals for
upgrading the EGP 200mn Giza recycling factory to produce refuse-
derived fuel (RDF) with an eye to begin work in 1Q2018. The facto-
ry is expected to produce between 85k and 90k tons of refuse per
month. The consortium will begin using RDF to generate energy
once the Electricity Ministry announces its waste-to-energy feed-in
tariff.
Energy group Empower has signed contracts for the development
of two 1 MW waste to energy (WtE) plants in New Salhiya with initial
investments of up to EGP 143mn, CEO Hatem El Gamal said. Con-
struction is set to start in 3Q2018. The plant is scheduled to begin
production by the end of 1Q2019 and will sell power to the North
Delta Electricity Distribution Company at a feed-in tariff of EGP 1.02
per kWh for 20 years.
Source: Al Borsa, January 18th
Key Dates
23 January 2018: Pachin - Distribution of cash dividends
24 January 2018: Alexandria Cement -Legal Disputes Relevant to
the Company
15 February 2018: MPC Meeting
20 February 2018: Golden Pyramids Plaza -Legal Disputes Rele-
vant to the Company
22 February 2018: Suez Canal Co for Technology Settling - Distri-
bution of cash dividends
27 February 2018: Delta Construction & Rebuilding - Legal Dis-
putes Relevant to the Company
27 February 2018: Al Orouba Mining & Trading - Legal Disputes
Relevant to the Company
1
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RIME SS›‘çٮ㮛Ý
ECURITIES
Hassan Samir
Hassan Samir  Managing Director
Managing Director  
 +202 3300 5611
+202 3300 5611 


Hsamir@egy.primegroup.org
Hsamir@egy.primegroup.org 
RR›Ý›ƒÙ‘« TEAM
ESEARCH T›ƒÃ
Aboubakr Emam, CFA
Aboubakr Emam, CFA  Head of Research
Head of Research  
 +202 3300 5724
+202 3300 5724 


Aemam@egy.primegroup.org
 Aemam@egy.primegroup.org
Eman Negm, MSc
Eman Negm, MSc  Senior Economist
Senior Economist  
 +202 3300 5716
+202 3300 5716 


Enegm@egy.primegroup.org
 Enegm@egy.primegroup.org
Mohamed Marei
Mohamed Marei  Senior Equity Analyst
Senior Equity Analyst  
 +202 3300 5725
+202 3300 5725 


Mmarei@egy.primegroup.org
 Mmarei@egy.primegroup.org
Omneya El Hammamy
Omneya El Hammamy  Equity Analyst
Equity Analyst  
 +202 3300 5718
+202 3300 5718 


OelHammamy@egy.primegroup.org
 OelHammamy@egy.primegroup.org
Mohamed Magdi
Mohamed Magdi  Equity Analyst
Equity Analyst  
 +202 3300 5720
+202 3300 5720 


Mmagdi@egy.primegroup.org
 Mmagdi@egy.primegroup.org
Lobna Khaled
Lobna Khaled Equity Analyst 
Equity Analyst 
 +202 3300 5719


Lkhaled@egy.primegroup.org
Shihab Mohammed
Shihab Mohammed   Equity Analyst
Equity Analyst  
 +202 3300 5723
+202 3300 5723 
Smohammed@egy.primegroup.org

smohammed@egy.primegroup.org 
Ahmed Samy  
Ahmed Samy Junior Analyst 
Junior Analyst 
 +202 3300 5722 
+202 3300 5722
asamy@egy.primegroup.org

asamy@egy.primegroup.org 
Mai AbdElaziz 
Mai AbdElaziz Junior Analyst 
Junior Analyst 
 +202 3300 5727 
+202 3300 5727


MAbdElaziz@egy.primegroup.org 
MAbdElaziz@egy.primegroup.org
SSƒ½›Ý
ALES T›ƒÃ
TEAM
Mohamed Ezzat 
Mohamed Ezzat Head of Sales & Branches 
Head of Sales & Branches 
 +202 3300 5784 
+202 3300 5784


mezzat@egy.primegroup.org 
mezzat@egy.primegroup.org
Shawkat Raslan
Shawkat Raslan  Heliopolis Branch Manager
Heliopolis Branch Manager  
 +202 3300 5110
+202 3300 5110 


sraslan@egy.primegroup.org
sraslan@egy.primegroup.org 
Mohamed
  Ashmawy Head of Institutional
  Sales  +202 3300
  5612
MAshmawy@egy.primegroup.org
 
Amr Alaa, CFTe 
Amr Alaa, CFTe Team Head – Ins
Team tu ons Desk 
Head – Institutions Desk 
 +202 3300 5609 
+202 3300 5609


aalaa@egy.primegroup.org 
aalaa@egy.primegroup.org
Amr Saber 
Amr Saber Manager 
Manager 
 +202 3300 5659 
+202 3300 5659


asaber@egy.primegroup.org 
asaber@egy.primegroup.org
Mohamed Elmetwaly 
Mohamed Elmetwaly Manager 
Manager 
 +202 3300 5610 
+202 3300 5610


melmetwaly@egy.primegroup.org 
melmetwaly@egy.primegroup.org
Emad Elsafoury 
Emad Elsafoury Manager 
Manager 
 +202 3300 5624 
+202 3300 5624


eelsafoury@egy.primegroup.org 
eelsafoury@egy.primegroup.org

HEAD OFFICE
PRIME SECURITIES S.A.E.
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