Telecom Egypt announced its upgrade in the FTSE Russell Emerging Markets indices, moving from the small-cap segment to the mid-cap segment, according to the index's semi-annual review for September 2026 for the Middle East and Africa region.
This upgrade confirms that Telecom Egypt has met the required criteria for inclusion in this segment, with its share price reaching high levels, bringing the company's market capitalization to approximately $3.9 billion, significantly exceeding the minimum threshold for inclusion in the mid-cap segment.
This upgrade reflects improved liquidity levels, increased cash flow, and the company's strong financial and operational performance. It is a result of its strategy focused on enhancing its cash generation capacity and adhering to a disciplined financial approach based on optimal resource utilization and directing capital towards higher-yielding areas.
The upgrade to the mid-cap segment also enhances the company's investment appeal, enabling it to benefit from inflows from foreign investment funds that track the index. This supports trading levels in the company's shares by foreign investors and strengthens the company's presence and credibility with global investment institutions. Furthermore,