Egypt Reaffirms Commitment to Listing Military-Owned Companies on Stock Exchange

Mostafa Madbouly reaffirmed the government’s commitment to moving forward with the public listing of several military-affiliated companies on the Egyptian Exchange, as part of a broader strategy aimed at expanding private-sector participation and maximizing the economic value of state-owned assets.

The announcement came during a high-level meeting held Wednesday evening at the government headquarters in New Administrative Capital to review progress on Egypt’s state asset offering program and the implementation of the country’s updated State Ownership Policy.

The meeting brought together senior economic and military officials, including Hussein Eissa, Mohamed Farid, and representatives from the National Service Projects Organization and the The Sovereign Fund of Egypt.

According to government spokesperson Mohamed El-Homsani, discussions focused on accelerating reforms designed to strengthen the role of the private sector as a key driver of sustainable economic growth, job creation, and improved competitiveness within the Egyptian economy.

Officials also reviewed efforts led by the Cabinet’s state-owned enterprises unit to establish a comprehensive national governance framework for public companies, aimed at improving asset management, transparency, and operational efficiency.

The government emphasized that the state offering program is intended not only to generate financial returns, but also to ensure sustainable economic value from public assets while encouraging broader domestic and foreign investment.

Among the companies confirmed for future listing on the Egyptian Exchange are Wataniya Petroleum, which operates fuel distribution networks, Silo Foods, food manufacturing company ChillOut, and the National Company for Road Construction, Development and Management.

The meeting also addressed ongoing measures undertaken by the Sovereign Fund of Egypt concerning companies transferred under its management, as part of the state’s broader effort to optimize returns from strategic assets and attract new investment flows.

The latest reaffirmation of the privatization and listing agenda signals Cairo’s continued push to reshape the state’s role in economic activity through market-oriented reforms, enhanced governance standards, and expanded opportunities for private-sector engagement across key industries.