Palm Hills Development was among the biggest fallers on the main index when it
last traded on January 27.

Oriental Weavers

Haitam Moneim, investor relations manager at the world’s largest machine-woven
carpetmaker said on February 6: “In the past week, we closed all our
production facilities like all other companies, and we secured our showrooms
… To avoid any delays to clients, we shifted orders from plants in Egypt
to plants in the United States and in China.”

Ezz Steel

Egypt’s largest steel maker said its plants were operating although not at
full capacity and said an investigation involving the chairman would not
affect company activity. “The company confirms that … Mr Ahmed Ezz,
Ezz Steel’s chairman and major shareholder, has been directed by the
Egyptian authorities to remain in Egypt. This measure, which is strictly
personal to Mr Ezz, does not affect the operation of the company,” it
said, adding he denied the accusations against him.

Orascom Construction

Egypt’s biggest listed firm said it had resumed work at almost 90pc of its
construction sites in Egypt as of Sunday February 6. OCI said production
rates were normal at its fertiliser plants and exports were under way,
adding it had shipped 52,000 tonnes of urea and was in the process of
sending 38,500 tonnes of ammonia.

EFG-Hermes

Egypt’s biggest investment bank, which has up to $6.2bn in assets under
management, said it had resumed work and there had been no damage to any of
its assets or property. The firm said there had been no management changes
to its board as a result of the events.

Suez Cement

The country’s largest listed cement company said it had resumed shipments of
cement stocks that had been suspended by the political protests. Suez, a
subsidiary of Italcementi, which supplies roughly a quarter of Egypt’s grey
cement and 42 pc of its white cement, resumed operations in all its
factories as of February 5.

Citadel Capital

Cairo-based private equity firm Citadel Capital resumed full operations as of
February 6, without damage to any of its assets or affiliate subsidiaries,
the firm said. “In the long term, Citadel Capital believes that this
difficult period will result in a more stable and faster-growing Egypt and
region,” a statement on its website said. “In the coming period,
we see very compelling opportunities for long-term private equity investors
in Egypt and beyond.”

Arafa Holding

Arafa Holding, Egypt’s biggest garment exporter, said all of its production
facilities had started running again as of Saturday. “We expect a
shipment lag of almost a week predominately due to the logistical
interruption that took place at the shipping harbours last week,” Arafa
said. “However, we are pleased to state that product shipments by sea
and air have been initiated effective Saturday, February 5.”

Baraka Bank Saud

Al Baraka Egypt Bank, a Cairo-based Islamic Bank, in which Bahrain’s Al Baraka
Banking Group has a controlling stake, said it had returned to full
operation. “No damage has occurred to any of the bank’s branches and
five new exchange branches were also opened to the public,” it said.

Elsewedy Electric

The biggest Arab cable maker said on Sunday all its facilities in Egypt were
operating. The firm said its logistics suffered a bottleneck that was
partially solved by relocating its manufacturing orders and exports sales
outside of Egypt.