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AZ Opportunities Fund
What is the AZ Opportunities Fund? AZ Opportunities is an open-ended private placement fund that is open for daily subscription and redemption, established by Azimut Egypt Asset Management with the approval of the Financial Regulatory Authority (FRA). Redemption requests are submitted daily. Refund is based on the Net Asset Value (NAV) by end of day and take up to two working days to be paid. A
AZ Savings Fund
We’ve partnered up with the fully licensed Azimut Egypt, the local investment arm of Azimut Group, one of Europe’s leading independent asset managers to bring you the new Egypt-focused fixed income mutual fund AZ-Savings. What is the AZ Savings Fund? AZ Savings is an open-ended private placement fund investing mostly in near-term fixed income instruments. It is considered a low-risk, liquid investment instrument. You can invest in the fund daily and redeem weekly—no more liquidity
What is the EGX? Egypt's stock exchange, comprises two exchanges, Cairo and Alexandria, both governed by the same board of directors and sharing the same trading, clearing and settlement systems. How do companies become listed on EGX? Companies need to meet certain legal and financial requirements defined by the EGX. You can find the listing rules here. How are prices of stocks determined on EGX? Stock prices are determined by the forces of supply and demand, similar to any othe
How can I place an order?
You can make two types of orders on Thndr: Market orders are placed to be executed immediately at the current market price of the stock as long as there are willing sellers and buyers, market orders are filled. Limit orders are placed to be executed at a specific price point that is set before placing the order. How can I place an order? To place an order, search for the company and go to the stock page. Choose if it is a buy/ sell order. Drag the butto
In order to transfer stocks to your Thndr account, simply get in touch with your custodian and ask them to unreserve the shares and transfer them to our custodian (Ahli United Bank). Then, please let us know once this is done by contacting us through in-app support.
Cash Dividends In order to collect your cash dividends you are required to visit one of these locations with your national ID to collect it. We know this is extremely inconvenient and so we are currently seeking a more convenient alternative. Stock Dividends Stock dividends are automatically added to your Thndr account.
Investment Terms and Definitions
EGX: Egypt's stock exchange, comprises two exchanges, Cairo and Alexandria, both governed by the same board of directors and sharing the same trading, clearing and settlement systems. Market Index: A market index is a metric that tracks the performance of a group of stocks. It is designed to track the overall performance of a market, and will be measured in points. An example of this is EGX30. Market Capitalization: The amount of money you would have to pay if you bought every sing
New EGX Regulations
The EGX has announced the following new regulations, effective Sunday 5 September 2021: Limits on share price movements are increasing from 10% to 20% for the EGX, and from 5% to 10% for the NILEX A new closing price methodology that uses a 30-minute moving-volume weighted average price (moving VWAP) will be implemented, which takes into account the traded volume during the last 30 minutes for transactions with a minimum value of EGP 100,000. This new methodology comes in plac