Five State-Owned Companies Apply for Listing on Egyptian Exchange

 In a decisive step to accelerate its long-awaited privatization agenda, the Egyptian government has received formal listing applications from five state-owned companies seeking inclusion on the main market of the Egyptian Exchange (EGX). 

The move signals renewed momentum in the country’s public offerings program, a key pillar of broader economic reform efforts.

The companies include El Nasr Mining, Egyptian Ferroalloys, Al Nahda Industries, Alexandria Refractories, and El Nasr Glass & Crystal. These firms represent a cross-section of Egypt’s industrial base, spanning mining, heavy industry, and manufacturing.

The applications come as part of a government plan to list up to ten state-affiliated companies before mid-April, underscoring an accelerated timeline aimed at expanding market depth and attracting both local and foreign investment.

According to senior government officials, three of the companies, El Nasr Mining, Egyptian Ferroalloys, and Al Nahda Industries, have already submitted comprehensive listing requests.

El Nasr Mining is expected to debut with a capital of EGP 600 million, divided into 60 million shares at a nominal value of EGP 10 per share. Egyptian Ferroalloys plans a listing capital of EGP 300 million, while Al Nahda Industries aims for EGP 756 million.

Meanwhile, El Nasr Glass & Crystal has also applied for listing with a capital of EGP 100 million, pending document review and regulatory approval. Alexandria Refractories has submitted its application as well, with a capital of approximately EGP 196.8 million.

Officials confirmed that all applications are currently under technical review, with final decisions pending approval from the EGX Listing Committee.

The initiative reflects a broader strategic shift in how Egypt approaches state asset management. Authorities are working to enhance transparency and disclosure standards, while simultaneously widening investor access to state-owned enterprises. The updated framework also includes temporarily listing companies before conducting fair value assessments, an approach designed to improve pricing accuracy and investor confidence.

Government sources indicate that international institutions have responded positively to these reforms, viewing them as a meaningful step toward strengthening Egypt’s capital markets and improving fiscal sustainability.

If completed as planned, the listings are expected to significantly boost the Egyptian Exchange’s market capitalization, while deepening liquidity and broadening the investor base.