Earlier this month the firm also said it planned to raise capital via a rights issue of 11.2 billion Egyptian pounds ($627.10 million), corresponding to the issuance of 19.3 billion new shares with a par value of 0.58 Egyptian pounds.
In the Gulf, most major markets closed slightly up, with the Saudi exchange leading the gains.
The index rose 1 percent, lifted by a 5.5 percent surge by Al Tayyar Travel Group Holding Company , a 2 percent gain by heavyweight Al Rajhi Banking & Investment Corp and a 10 percent jump by Saudi Cable Co.
The latter, a loss-making electrical wires manufacturer, has been gaining value since Dec. 26, when it leapt after reaching a final settlement agreement with commercial creditors on 313.6 million riyals ($83.61 million) in loans.
The Dubai index closed in negative territory, shedding 0.3 percent, reversing gains made in early trading. Union Properties lost 1.9 percent, weighing on the index as it was the stock registering the highest trading volume.
Dubai’s port operator DP World, which is listed on Nasdaq Dubai, edged up 0.1 percent, after saying on Sunday it had agreed to acquire a 71.3 percent stake in Chile's Puertos y Logistica (Pulogsa) from Minera Valparaiso and other shareholders associated with the Matte Group.
DP World said it would offer $502 million for 100 percent equity ownership and that it expected the deal to be "earnings accretive in the first full year of consolidation" and would be financed from existing balance resources.
The Kuwait exchange, Boursa Kuwait, upgraded Qurain Petrochemical and Human Soft Holding Co to the premier market, where the index closed 0.4 percent up on Sunday.
The index rose 1 pct to 8,292 points
The index edged down 0.3 pct to 2,538 points
The index was little changed at 10,654 points
The index added 0.1 pct to 4,969 points
The index gained 1.2 pct to 13,526 points
The index rose 0.4 pct to 5,473 points
The index shed 0.2 pct to 4,304 points
The index gained 0.2 pct to 1,344 points
($1 = 17.8600 Egyptian pounds)
($1 = 3.7509 riyals)
(Reporting by Davide Barbuscia Editing by Mark Heinrich) ((Davide.Barbuscia@thomsonreuters.com; +971522604297; Reuters Messaging: firstname.lastname@example.org))