Egypt’s stocks closed out the trading week up slightly on Thursday with Arab investors remaining the only net buyers.

Egypt’s stocks rebounded on Thursday to close up the trading that saw non-Arab foreign investors as the only net buyers.

EFG Hermes announced today its successful acquisition of a 49% stake in European wind farms from EDP Renováveis S.A. (EDPR), one of the largest renewable energy companies based in Europe bringing total group assets under management (AUMs) to $3.6bn.

The board of directors of Beltone Financial Holding approved the issuance of global depositary receipts (GDRs) for trading on the London Stock Exchange by converting a maximum of 33% of the company’s capital to GDRs.