Egypt to list four state-owned companies in June

Egypt will complete the listing of four state-owned companies before June 30, Prime Minister Mostafa Madbouly said.

The temporary listing is a fast-track pre-IPO mechanism that allows state-owned companies to list on the Egyptian Exchange (EGX). The move is part of the government’s state asset sales plan.

Another listing of four to five state-owned companies will be completed before year-end, the cabinet said in a statement quoting Madbouly.

The names of the companies were not given. There are 16 “temporarily listed” state-owned companies on the local stock exchange.

In April, Egypt selected 10 petroleum companies for listing on the local stock exchange in the third quarter of this year.

Stakes for the initial public offerings are expected to range from 10 to 20 percent, Asharq Business reported, citing three unidentified government officials.

Cairo established the State-Owned Enterprises Unit in late 2025, as part of efforts to restructure state ownership. In August, the government ratified legislative amendments to accelerate the sale of state-owned assets.

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Egypt agreed to a $3 billion loan with the International Monetary Fund in December 2022. It was increased to $8 billion in March 2024, when the nation was facing high inflation and foreign currency shortages.

Madbouly said the government intends to move from in-kind subsidies to cash subsidies in the coming financial year.

“It is time to implement cash support so that it reaches the deserving Egyptian families,” he said, adding that the move will not reduce the value of subsidies.

In April, finance minister Ahmed Kouchouk said Egypt plans to narrow its fiscal deficit to 6 percent in the 2025/2026 year ending June 30.