PM: Egypt to offer shares in six key state-owned companies next year

Egypt plans to list shares in five state-owned companies on the stock exchange within 2025, Prime Minister Moustafa Madbouly announced on Wednesday at a press conference.

These companies include Banque du Caire, AlexBank, the Gebel El Zeit Wind Energy Station, Alamal Alsharif Plastics, Misr Pharma, and Chemical Industries Development (Cid). This move is part of a broader strategy to boost its financial market and attract foreign investment.

Madbouly highlighted that these listings will not only enhance the liquidity of the stock exchange but also provide new investment opportunities for both domestic and international investors. The Prime Minister emphasised that the government’s efforts to encourage greater involvement of the private sector, fostering economic growth, and supporting the broader economic agenda of the country.