A right for existing shareholders to buy new capital-increase shares at a set price; it trades on its own for a short window.
When a company raises its capital, it grants existing shareholders a "right" to buy the new shares at a set price (usually below market) in proportion to their holding. On the EGX, this right itself trades as a separate security for a short window (days to weeks): a holder who does not want to subscribe can sell the right, and a newcomer can buy the right and subscribe. A right's theoretical value is roughly the share price minus the subscription price. If the right expires without subscribing or selling, it is lost. FoudaLens provides pages for tradeable rights with their fair value and terms.