Prime Minister Mostafa Madbouli held a meeting on Monday to review the latest updates on state-owned companies and the government’s IPO program. The session was attended by Deputy Prime Minister for Economic Affairs Hussein Issa and Assistant Prime Minister Hashem El-Sayed, CEO of the State-Owned Companies Unit.
Issa presented the status of companies set for temporary listing on the stock exchange, as well as those planned to be transferred to Egypt’s Sovereign Fund. He noted that procedures are underway to finalize the transfers.
El-Sayed explained that 20 companies formerly under the Ministry of Public Enterprises are being prepared for temporary listing. Ten of them will be listed within two weeks, while the rest will be listed by April 2026. He also reviewed the position of 40 companies scheduled to move to the Sovereign Fund, part of the government’s plan to maximize state assets.
He emphasized the need to modernize the IPO framework to ensure transparency and broaden investor participation. International institutions have praised Egypt’s steps to develop the program, including temporary listings and fair value studies.
These measures are expected to expand offerings, increase market capitalization, and strengthen the Egyptian Exchange.
