Egypt’s IPO pipeline includes petroleum companies, EGX chief says

Egypt is preparing a new wave of stock market listings that will include petroleum-sector companies as the government presses ahead with its state-asset sales program and efforts to deepen domestic capital markets, Egyptian Exchange Chairman Omar Radwan said Saturday.

The planned offerings form part of a broader pipeline of government-backed listings already being prepared for the market, Radwan said in his first televised interview since taking office.

“The coming period will witness the listing of new companies, including companies affiliated with the petroleum sector,” he said.

The government has accelerated efforts to expand private-sector participation through asset sales and public offerings, a key component of its economic reform agenda aimed at attracting investment and boosting market liquidity.

Radwan said the exchange is also seeking to attract more family-owned businesses, which account for a large share of Egypt’s private-sector activity.

“The natural place for family businesses is the stock exchange,” he said, arguing that public listings provide access to long-term financing, support expansion plans, and strengthen governance and transparency standards.

The bourse is working to increase the number of listed companies across sectors while introducing new products and trading mechanisms designed to broaden the investor base and encourage new issuers, he said.

Radwan also highlighted plans to promote financial literacy and investment awareness, particularly among younger Egyptians, and said the exchange would continue outreach efforts targeting small and medium-sized enterprises, including a series of events planned in Upper Egypt.

Attribution: Amwal Al Ghad English

Subediting: Y.Yasser