Assistant Prime Minister Hashem El-Sayed announced Egypt will temporarily list 10 state-owned companies on the stock exchange within two weeks, with the remaining 10 of a 20-firm batch by end-April 2026. The timeline came during a meeting chaired by Prime Minister Mostafa Madbouly. It aims to advance the government's offerings programme.
Assistant Prime Minister Hashem El-Sayed announced on Tuesday that Egypt will temporarily list 10 state-owned companies on the stock exchange within a maximum of 14 days, followed by the remaining 10 of the 20-firm batch by the end of April 2026. These 20 companies were previously under the Ministry of Public Business Sector.
The timeline was revealed during a meeting chaired by Prime Minister Mostafa Madbouly to review the status of state-owned enterprises and updates to the government's offerings programme. Attendees included Deputy Prime Minister for Economic Affairs Hussein Issa and El-Sayed, who also serves as CEO of the State-Owned Companies Unit.
In a parallel development, Issa outlined the status of 40 companies slated for transfer to the Sovereign Fund of Egypt, noting several meetings have finalized their positions with legal and administrative procedures underway to optimize state assets.
The government has agreed on a revised methodology for its offerings programme to enhance disclosure and transparency, broadening the investor base. El-Sayed said international institutions have shown significant interest and praise for the temporary listings and fair value studies, expecting to boost the Egyptian Exchange's market capitalisation and expand privatisation efforts.