10 Companies to Be Listed on Stock Exchange Under Privatisation Plan

The Egyptian government plans to list at least 10 companies on the stock market in 2025, according to an announcement by Prime Minister Dr. Mostafa Madbouly.As part of its privatisation efforts, the government aims to offer both direct investment opportunities and stock market listings.

The added entities include four military-affiliated companies, namely Watanya, Safi, ChillOut Egypt and Silo. The government also plans to offer stakes in the Gabal Al-Zeit wind power station, Alamal Alsharif Plastics, Egyptian Group for Pharmaceutical Industries (EGPI), and Chemical Industries Development (CID).

This announcement follows the recent IPO of United Bank, which raised EGP 4.6 billion (USD 92.14 million) and was oversubscribed by nearly 59 times. The IPO of Alexbank and Banque du Caire are also anticipated in the near future.

These stock market listings are part of Egypt’s broader privatisation initiative, which is aligned with the International Monetary Fund’s recommendations to reduce state involvement in the economy. The program, which aims to raise USD 6.5 billion by the end of 2024, includes stakes in up to 40 companies across various sectors.