The Egyptian Exchange’s (EGX) indices closed lower on Thursday, with market capitalization reaching EGP 1.044 trillion.

Commercial International Bank Egypt (CIB) (COMI) has obtained the approvals of the Central Bank of Egypt (CBE) and the Central Bank of Kenya (CBK) to acquire the remaining 49% of Mayfair CIB for $40 million, according to a bourse filing on January 29th.

Vodacom Group has acquired an additional stake of 0.02%, equivalent to 49,493 shares, in Vodafone Egypt from minority shareholders for €‎17.92 per share after the subscription period for its offer expired yesterday, according to a statement filed to the Egyptian exchange.

The Egyptian Exchange’s (EGX) trading values exceeded LE 1 trillion for the first time ever during 2022, according to the head of the EGX, Ramy El-Dokani.