Investment and Foreign Trade Minister Mohamed Farid took part in the launch of a new programme designed to build the readiness of state‑owned companies temporarily listed on the Egyptian Exchange, ahead of their full public offering. The initiative, led by the Financial Regulatory Authority (FRA), aims to strengthen corporate governance, disclosure, and compliance while expanding market depth and competitiveness.
Farid stressed that government IPOs are not only about raising capital but also about broadening ownership, enhancing transparency, and allowing citizens to directly benefit from economic growth. He noted that training companies before listing helps them meet accounting and auditing standards, improve disclosure practices, and avoid post‑listing errors.
The programme, delivered through FRA’s Financial Services Institute and Egyptian Directors Center, will prepare 20 state‑owned firms currently under temporary listing for final admission to trading. It also supports ongoing preparations for the IPO of Misr Life Insurance, expected before the end of 2026.
Farid highlighted that expanding public ownership in successful state companies across energy, insurance, and industry sectors will enable citizens to share in the financial returns of reform and growth. He pointed to international experience showing the importance of institutional investors such as pension and insurance funds in sustaining capital markets and financing corporate expansion.
The minister praised FRA and the Egyptian Exchange for their role in promoting financial literacy and training, emphasising that the success of IPOs depends on full compliance with corporate, investment, and capital market laws. He reaffirmed the government’s commitment to deepening Egypt’s capital market and strengthening private sector participation in the economy.
