• Home
• Technology

Dr. Hashem El-Sayed, Assistant to the Prime Minister and CEO of the State-Owned Enterprises Unit, announced that Egypt is currently preparing 18 companies for listing on the Egyptian Exchange (EGX). The pipeline includes 8 subsidiaries previously under the Ministry of Public Business Sector and 10 companies from the vital Petroleum sector. This move aligns with a new methodology designed to manage the government’s IPO program and maximize the investment value of state assets.

Speaking during a cabinet meeting, Dr. El-Sayed revealed that the broader divestment track aims to list a total of 20 subsidiaries from public holding companies, with 12 companies already successfully listed to date. These listed firms span the Chemical Industries, Metal Industries, and Construction & Development sectors. The program is part of a comprehensive national framework focused on the inventory, classification, and governance of state-owned enterprises (SOEs) to ensure they meet stringent market standards for public offering.