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CapitalMed Healthcare, owned by Egyptians for Healthcare Services, plans to offer up to 25% of its shares on the Egyptian Exchange (EGX) by the end of this month, as part of a strategy to expand its healthcare capacity, according to two sources familiar with the matter who spoke to Asharq on condition of anonymity.

One of the sources said the offering will be executed entirely through a capital increase, with no exit for existing shareholders. The source added that Al Ahly Pharos will act as IPO manager and financial advisor, while Zulficar & Partners will serve as legal advisor.

CapitalMed Healthcare operates a smart medical city offering multi-specialty healthcare services, including hospitals and medical centers, alongside non-medical facilities such as two hotels, a shopping mall, and integrated support services for patients and visitors.

The offering would mark the first private-sector listing on the Egyptian Exchange in 2026, signaling a potential revival in IPO activity.

Operational Expansion

IPO proceeds will be used to finance operational expansions at the medical city, including the addition of approximately 150 beds in the next phase.

According to the project’s long-term plan, total capacity is expected to exceed 4,000 hospital beds, 700 intensive care units, and 70 operating rooms.

The move comes as Egypt places the healthcare sector among its top priorities over the next decade, offering a comprehensive package of investment opportunities to the private sector, including healthcare facility management and operations, supported by the Golden License to streamline procedures and attract investment, according to previous statements by Investment Minister Hassan El-Khatib.

CapitalMed previously financed part of the project’s first phase through the issuance of sustainable Musharaka sukuk worth around EGP 2.4 billion.