Korra Energy and Investment to Float 11% Stake on the Egyptian Exchange to Accelerate Sustainable Energy Expansion
Korra Energy and Investment Projects announced plans to offer 11% of its shares on the Egyptian Exchange, in a strategic move aimed at supporting the company’s expansion plans and strengthening its position in the energy, construction, and specialized engineering solutions sectors across Egypt and regional markets.
The offering comes at a time of accelerating growth in energy transition, sustainability, and energy efficiency projects throughout the region, as the company seeks to capitalize on rising demand for integrated energy solutions backed by more than 25 years of experience in executing specialized infrastructure and energy projects.
The IPO includes approximately 247.5 million shares, divided between a private offering of 148.5 million shares representing 60% of the total offering, and a public offering of 99 million shares representing the remaining 40%.
Eng. Ayman Korra, CEO of Korra Energy and Investment Projects, described the listing as a major strategic milestone in the company’s long-term growth journey.
“The IPO on the Egyptian Exchange represents an important strategic step to ensure the company’s sustainability and growth for the next hundred years,” Korra said. “It reflects the strength of our integrated business model and the market’s confidence in our operational and financial capabilities.”
He added that the company has successfully built a diversified business platform over the past 25 years based on innovation, technical expertise, and specialized execution, enabling it to deliver landmark projects across the energy and construction sectors.
“We aim through this offering to accelerate our regional expansion plans and strengthen our ability to capture promising opportunities in sustainable energy and energy efficiency projects, while creating long-term value for shareholders and supporting Egypt’s green transformation and sustainable development goals,” he added.
On the sidelines of the conference, Heba Korra, Deputy CEO of the company, said the move into the Egyptian stock market reflects confidence in the company’s strong operational and financial performance while providing greater flexibility to support future growth plans and expansion into high-potential sectors.
She also noted that the listing would contribute to enhancing governance standards and transparency across the company’s operations.
The company expects the offering to strengthen liquidity and trading activity within the Egyptian capital market while supporting Korra’s growth trajectory, reinforcing its market position, and increasing its ability to execute large-scale projects and attract a broader base of institutional and retail investors.
The IPO is also expected to support the company’s expansion strategy by boosting operational capabilities, increasing investments in renewable energy and energy efficiency projects, and supporting regional growth in markets including Saudi Arabia and Iraq.
Korra reported strong financial growth in recent years, with revenues reaching approximately EGP 7.9 billion in 2025, representing growth of 69% compared to EGP 1.6 billion in 2022. Net profit reached approximately EGP 554 million in 2025, while the value of projects under execution climbed to nearly EGP 12.6 billion in 2026.
The company is targeting revenues of EGP 17.6 billion by 2030, driven by expansion in renewable energy projects, specialized engineering solutions, regional operations, and export activities.
Korra Energy and Investment Projects operates through a portfolio of specialized subsidiaries, including Korra Energy, which focuses on integrated energy solutions, electromechanical contracting, solar energy projects, and building management systems.
The group also includes Korra Agri, which exports agricultural products to more than 25 countries worldwide, reflecting the group’s diversified business model and expansion across multiple strategic sectors.
