Hussein Eissa, Deputy Prime Minister for Economic Affairs, rang the opening bell at the Egyptian Exchange on Sunday to mark the temporary listing of four state-owned companies.
The listings cover three petroleum sector firms—Engineering for the Petroleum and Process Industries (ENPPI), Egyptian Linear Alkyl Benzene Company (ELAB), and Marine Petroleum Services Company (MPS)—along with El Maamoura for Construction and Tourism Development.
Eissa described the move as a milestone in the state ownership programme. The programme seeks to maximise returns from public assets, strengthen corporate governance, and expand private sector participation.
Minister of Petroleum Karim Badawi called the listings a strategic step to maximise asset value and attract investment. Hashem El Sayed noted that 20 of the 30 companies announced under the programme have now completed temporary listing procedures.