Egypt approves EGP1.061bln profit distribution from five holding companies

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By Aya Anwar On Jun 30, 2026

Egypt approved additional profit distributions worth 1.061 billion Egyptian pounds across five state-owned holding companies to support the state treasury.

The approval came following general assemblies on Tuesday, chaired by Deputy Prime Minister for Economic Affairs Hussein Eissa.

The approvals covered the Metallurgical Industries Holding Co., the Holding Company for Chemical Industries, Holdipharma – Drug Holding company, the Holding Company For Tourism, Hotels & Cinema (HOTAC) and the Holding Company for Construction & Development (HCCD) for the fiscal year 2024 to 2025.

The breakdown included 400.3 million pounds from Metallurgical Industries, 260 million pounds from Chemical Industries, 157 million pounds from Tourism and Hotels, 156 million pounds from Construction and Development, and 88 million pounds from Pharmaceuticals.

Eissa said the distributions balance maximising state asset returns with maintaining companies’ financial stability and their ability to complete ongoing projects and expansions. He added that the government continues restructuring state owned companies to improve efficiency, governance, and competitiveness while expanding private sector partnerships.

The assemblies reviewed financial performance, project progress, and investment plans aimed at improving asset utilisation and long term sustainability.

Attribution: Amwal Al Ghad English