April 27, 2021

EGX sets Telecom Egypt's stock limit down

ArabFinance: The Egyptian Exchange (EGX) has set the limit down of Telecom Egypt (ETEL) at 15.725%, according to the EGX’s April 26th disclosure.

The circuit breaker of the company’s stock is also set at a limit down level of 11.043%, the EGX disclosure added.

The stocks’ price movement limits will be effective as of the closing session of the ex-dividend date on April 25th.

The EGX’s decision came after the company’s announcement of distributing cash dividends of EGP 0.750 per share on April 28th.

The telecom provider signed a cooperation protocol with MARKEZ for Real Estate Investment to provide integrated communication services and connect telecommunications networks to all its projects with the highest internet speed.

Telecom Egypt is an Egypt-based joint-stock company, which is engaged in the provision of public communications and associated products and services.

The company operates under the following segments: communications, marine cables, and infrastructure; internet services, as well as outsourcing services. It offers a range of fixed-line and retail telecommunications services, as well as wholesale telecommunications services.


Categories : telecom

Finance & Economy

Egypt’s unemployment increases to 7.4% in Q1 2021: CAPMAS

2021-05-12 07:00:00

Egypt’s Central Agency for Public Mobilization and Statistics (CAPMAS) announced, on Tuesday, that the country’s unemployment"...
Read More

Arab Company for Asset Management loss r...
May 12, 2021
Egypt jobless rate rises amid pandemic s...
May 12, 2021

Latest News


Telecom Egypt records net profits of EGP...
May 12, 2021
Oxford Business Group teams up with Tele...
May 2, 2021
Egypt’s Telecom Regulator doubles ...
May 2, 2021