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Telecom Egypt Upgraded to FTSE Russell Emerging Mid Cap

Cairo: Telecom Egypt (WE) announced its inclusion in the FTSE Emerging Markets Index following its upgrade within the FTSE Global Equity Index Series (GEIS) from the Small Cap to the Mid Cap segment, as part of the index provider's semi-annual review for September 2026 for the Middle East and Africa region. This change marks a significant development for the company, reflecting its growth and stability in the market.

According to State Information Service Egypt, this milestone confirms that Telecom Egypt has met all eligibility criteria to join this segment. Driven by the stock reaching new highs, the company's market capitalization rose to approximately $3.9 billion, clearing the minimum threshold required for Mid Cap inclusion by a wide margin. This achievement is indicative of Telecom Egypt's strategic growth and its strong position in the telecommunications sector.

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