Egypt Accelerates State-Owned Company Listings: 20 Firms to Enter Stock Exchange

The Egyptian government is fast-tracking its ambitious program to list state-owned companies on the Egyptian Exchange, with 20 firms slated to go public in the coming weeks.

During a cabinet meeting chaired by Prime Minister Mostafa Madbouly, officials confirmed that 10 state-owned companies will be temporarily listed within the next two weeks, while another 10 are expected to follow before the end of April 2026. 

The session included Hussein Issa, Deputy Prime Minister for Economic Affairs, and Hashem El-Sayed, Assistant Prime Minister and CEO of the Unit for State-Owned Companies.

Issa reviewed the status of companies scheduled for temporary listing, as well as those earmarked for transfer to the Egypt Sovereign Fund. “Multiple meetings have finalized the companies’ positions, allowing us to take the necessary steps for their transition,” he said.

Meanwhile, Dr. El-Sayed emphasized the close monitoring of the 20 companies previously under the Ministry of Public Business Sector. “Ten companies will be listed within two weeks at most, while the remaining firms will follow before the end of April 2026,” he noted.

In parallel, the government is progressing with the transfer of 40 companies to the Egypt Sovereign Fund, part of broader efforts to optimize asset utilization.

Highlighting reforms in the listing process, El-Sayed stated that the government is working to develop a systematic and transparent approach to public offerings. “The objective is to enhance disclosure, attract a wider investor base, and ensure transparency for all companies being listed,” he said.

International institutions have reportedly praised these measures, including the temporary stock listings and comprehensive fair-value studies for each firm. Officials predict that these initiatives will strengthen the market capitalization of the Egyptian Exchange and expand the nation’s privatization efforts.

The accelerated plan reflects Egypt’s broader economic strategy to modernize state-owned enterprises and encourage private-sector investment while reinforcing investor confidence in the country’s financial markets.