Egypt to List Four Additional State-Owned Companies by End of June, PM Says

Egypt plans to complete the stock market listing of four additional state-owned companies before the end of June as part of a broader program to expand private-sector participation and unlock the value of public assets, Prime Minister Mostafa Madbouly said on Thursday.

The move forms part of the government's ongoing implementation of its State Ownership Policy, which aims to redefine the state's role in the economy and increase the contribution of private investment across key sectors.

Speaking at a press conference, Madbouly said the government has been reviewing economic reform initiatives with the Deputy Prime Minister for Economic Affairs and the State-Owned Enterprises Unit, including plans to restructure a number of public economic authorities.

The prime minister said the government will begin issuing decisions this month regarding entities that have been approved for abolition, merger, or conversion into economic authorities.

The first package of reforms is expected to be launched immediately, with additional phases to follow over the coming months as part of a broader restructuring process scheduled to continue through the end of 2026.

According to Madbouly, the objective is to streamline the managemente of state institutions, improve efficiency, and create a clearer framework for public-sector governance.

Madbouly also highlighted government efforts to maximize returns from state-owned assets, particularly through the preparation of public companies for stock market listings.

He said authorities have already completed temporary registration procedures for 16 state-owned companies, while four additional firms are expected to finalize their registration before June 30.

The government has also begun temporary listing procedures for 10 companies affiliated with the petroleum sector, signaling an expansion of the state asset monetization program into strategic industries.

As part of the State Ownership Policy, Egypt expects to offer between four and five state-owned companies on the stock exchange before the end of December 2026.

The planned listings are intended to attract new investment, deepen capital markets, improve corporate governance, and generate greater value from public-sector assets.