Egyptian Undervalued over 20% based on DCF

Housing and Development Bank- Egypt (S.A.E)

Market Cap: ج.م77.6b

Provides corporate and retail banking services in Egypt.

Heliopolis for Housing & Development

Market Cap: ج.م22.7b

Engages in the real estate development business in Egypt.

QALA For Financial Investments

Market Cap: ج.م17.9b

A private equity and venture capital firm specializing in growth capital, turnarounds, leveraged buyouts, consolidations, industry roll-ups, greenfields, and distressed investments.

Egyptian Satellite Company Nilesat

Market Cap: US$291.5m

Provides direct-to-home (DTH) broadcasting, satellite broadband, and other communication services in Egypt, the Middle East, and North Africa.

Cairo For Investment And Real Estate Developments-CIRA Education

Market Cap: ج.م10.2b

Operates as an integrated provider of educational services in Egypt.

Zahraa El Maadi Investment and Development Company SAE

Market Cap: ج.م5.3b

Develops and sells residential units and lands in Egypt.

AJWA For Food Industries Egypt

Market Cap: ج.م2.3b

Engages in the manufacture and production of refined edible oils in Egypt and internationally.

Delta Insurance

Market Cap: ج.م1.4b

Engages in the insurance business in Egypt.

Arabia Investments Holding

Market Cap: ج.م484.6m

Engages in the non-banking financial in Egypt.

Arab Engineering Industries

Market Cap: ج.م419.8m

Manufactures wire capacitors for home refrigerators in Egypt.