The Egyptian Exchange’s (EGX) Indices Committee will need to decide whether Global Telecom Holding (GTHE) will stay a member in the EGX 30 in its upcoming meeting later this month, as part of its periodic review. In view of the ongoing mandatory tender offer (MTO) by GTHE’s main shareholder VEON Ltd. (VEON: NASDAQ) for 42.31% of GTHE, we constructed two scenarios, one of which we think will be enacted by the committee, applying the EGX 30 index methodology while considering the latest amendments related to stocks selection rules—all taking effect on 1 August 2019.
For more details, please read the full report below.

190715-Life-After-GTHE-Painting-EGX-30’s-Rebalance-Scenarios