Egypt has temporarily listed six state-owned companies on the Egyptian Exchange (EGX) to accelerate its initial public offering (IPO) programme and boost private sector participation. The firms include two subsidiaries of the Chemical Industries Holding Company and four from the Metallurgical Industries Holding Company. The listing ceremony was attended by Financial Regulatory Authority Chairperson Islam Azzam, Prime Minister Assistant Hashem El-Sayed, and EGX Deputy Chairperson Mohamed Sabry.
Egypt has temporarily listed six state-owned companies on the Egyptian Exchange (EGX), a step designed to speed up the government's initial public offering (IPO) programme and encourage greater private sector involvement in the economy.
The listed firms are two subsidiaries of the Chemical Industries Holding Company: El Nahda Industries Company – El Nahda Cement Plant and the Egyptian Company for Pipes and Cement Products - Seigwart. From the Metallurgical Industries Holding Company, they include the Egyptian Ferroalloys Company, El Nasr Mining, Alexandria for Refractories, and El Nasr Glass and Crystal.
The listing ceremony drew Islam Azzam, Chairperson of the Financial Regulatory Authority (FRA); Hashem El-Sayed, Assistant to the Prime Minister and Head of the State-Owned Enterprises Unit; and Mohamed Sabry, Deputy Chairperson of the EGX. "The listing of these companies represents a qualitative step towards enhancing confidence in the securities market," Azzam said. He noted it would expand the market's depth and support growth in market capitalisation.
El-Sayed said the move reflects the state's commitment to its divestment programme and efficient asset management for maximum economic value. His unit is coordinating with authorities to meet governance and transparency standards. Sabry called the inclusion a "qualitative addition to the market" given the firms' diverse sectors and large-scale operations, adding that the EGX is advancing its infrastructure to international standards.
This temporary listing acts as a preparatory phase, helping companies build disclosure records, gain market experience, and ready themselves for full public offerings to attract local and foreign investors.