Minister sees ‘unprecedented’ activity on Egyptian stock exchange

Egypt’s stock exchange (EGX) is set for “unprecedented” activity in the coming months as the government pushes ahead with a pipeline of serious and attractive public offerings across multiple sectors, Investment Hassan El-Khatib said Tuesday.

The General Authority for Investment (GAFI) and the EGX are preparing incentives to encourage new listings, expand the pool of traded firms, and cement the exchange’s role as a key financing channel for growth, the minister said at the opening of the EGX’s new board term for 2025–2029.

Legislative changes are also in the works to cut financial burdens, widen the range of financial instruments and boost the market’s ability to attract foreign investment, Minister El-Khatib said. He added that strengthening the capital market is central to Egypt’s economic reform drive.

The IPO programme is a “national priority” aimed at turning state share sales into value-maximising opportunities through strategic investors or public offerings, the minister said. The government is also implementing broader fiscal, monetary and trade reforms, alongside restructuring the state’s economic role to provide a more stable, competitive investment climate.

Egypt’s bourse has surged to record highs in recent months, buoyed by improved macroeconomic indicators including currency stability, rising reserves and falling inflation, Minister El-Khatib said.

EGX Chairman Ahmed El-Sheikh said the minister’s visit underscored the state’s view of the exchange as a key driver of sustainable growth and foreign capital inflows.

Attribution: Amwal Al Ghad English

Subediting: Y.Yasser