Telecom Egypt S.A.E. Global Depositary Receipt (Reg S) represents an equity interest in Telecom Egypt, an integrated telecommunications provider based in Egypt. This asset is structured as a global depositary receipt, enabling international investors to gain exposure to Telecom Egypt's shares through a security issued outside the home market, specifically regulated under the Reg S regime. Each receipt corresponds to five ordinary shares denominated in Egyptian pounds, offering consolidated access to Egyptian telecom sector performance through trading in U.S. dollars. Telecom Egypt delivers comprehensive services such as fixed-line telephony, mobile communications, broadband internet, data center and cloud solutions, addressing a spectrum of consumer, business, and enterprise needs. The company commands a pivotal role in Egypt’s digital infrastructure, operating robust subsea cable networks and maintaining a strategic ownership stake in Vodafone Egypt. The GDR instrument broadens investor participation in a historically state-linked firm that anchors technological advancement and connectivity throughout the region, combining legacy market leadership with ongoing diversification in digital services.