Egyptian bourse expects 20 listings by year-end
The Egyptian Exchange (EGX) reportedly expects to list 20 state-owned companies by year-end.
Two state-owned companies — Egypt Education Platform and Egyptian Spinning and Weaving – will list on the main market within two months, Asharq Business cited EGX deputy chairman Mohamed Sabry as saying.
He added that the exchange is undergoing transformation toward a potential listing. No specific date was given.
EGX aims to launch market makers and a short-selling mechanism in the second half of 2026 to boost liquidity and expand trading depth, Sabry said.
In April, Egypt selected 10 petroleum companies for listing on the local stock exchange in the third quarter of this year.
Finance minister Ahmed Kouchouk told US investors in October that Cairo intends to use proceeds from the sale of public enterprises to reduce the ratio of the national debt to GDP to 75 percent in the next three years.
Further reading:
- Egypt clothes exports boosted by strong Western demand
- Egypt seeks support from GCC banks for food imports
- How Egypt’s economy is exposed by the Iran war
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