Egypt Prepares 20 Firms for Stock Market Listing, 40 for Sovereign Fund

Egypt’s Cabinet announced that 60 state-owned companies are currently being prepared under the government’s reform programme, with 40 companies set to be transferred to the sovereign wealth fund and 20 companies to be listed on the stock exchange, as part of efforts to restructure public assets and enhance economic efficiency.

The announcement came during a meeting chaired by Prime Minister Mostafa Madbouly at the Cabinet headquarters in the New Administrative Capital, with Hussein Eissa, Deputy Prime Minister for Economic Affairs. The meeting was also attended by Hashem El-Sayed, Assistant to the Prime Minister and Chief Executive of the State-Owned Enterprises Unit.

At the outset of the meeting, Madbouly congratulated Hussein Eissa on his appointment, stressing that restructuring economic authorities and state-owned companies is among the most critical files in the current phase. He underlined the importance of accelerating all required procedures related to state-owned enterprises, noting that Eissa’s extensive experience makes him well positioned to oversee this portfolio directly.

The prime minister emphasized that the restructuring of economic authorities will proceed in parallel with reforms to state-owned companies, adding that this file will be a central responsibility of the Deputy Prime Minister for Economic Affairs in the coming period.

For his part, Hashem El-Sayed said the government is currently finalizing preparations for 60 companies, explaining that **40 of them will be transferred to the Egypt Sovereign Fund, while **20 companies will be listed on the Egyptian Exchange.