Egypt PM reviews IPO plans, eyes stronger role for EGX in boosting private investment

Egypt’s Prime Minister Moustafa Madbouly on Sunday reviewed progress in preparing state-owned companies for listing as part of the government’s initial public offering (IPO) programme, and discussed plans to strengthen the Egyptian Exchange (EGX) as a platform to attract private sector investment.

In a government meeting, officials assessed IPO readiness across several strategic sectors, including telecommunications, banking, petrochemicals, pharmaceuticals, mining, oil and gas, tourism, real estate, and airports, the Cabinet said in a statement.

The discussions also focused on energising the EGX by expanding listings of public companies and offering stakes to strategic investors, aiming to deepen market liquidity and promote broader participation from domestic and international investors.

Madbouly reaffirmed the government’s commitment to executing the IPO programme “swiftly and professionally,” with the support of public and private financial institutions.

During the meeting, the officials highlighted signs of a growing private sector footprint in the economy, citing recent indicators that show an increase in private investment contribution and a parallel decline in public sector spending.

The IPO programme is part of Egypt’s broader economic reform agenda aimed at reducing the state’s footprint, improving efficiency, and encouraging private-sector-led growth.

Attribution: Amwal Al Ghad English

Subediting: Y.Yasser