Fitch Ratings has revised its outlook on four Egyptian banks to positive from stable, affirming their long-term issuer default ratings at B-, the US-based credit rating agency announced on Saturday.

Some hope that Egypt’s Stock Exchange (EGX) will regain in May the heavy losses incurred in April in response to the geopolitical tensions in the region along with other local developments.

GB Corp’s (AUTO) ordinary general meeting (OGM) has greenlit the disbursement of a total of EGP 217.1 million in dividends, equivalent to EGP 0.20 per share, to shareholders for 2023, a filing revealed.

National Company for Housing for Professional Syndicates’ (NHPS) ordinary general meeting (OGM) has approved paying EGP 10 per share, or a total of EGP 160 million, in cash dividends to shareholders for 2023, as per a statement.