Telecom Egypt Ranks Fourth on Forbes List of Egypt’s Top 50 Companies with $2.9 Billion Market Value
Telecom Egypt has secured the fourth position on the Forbes Middle East list of the “Top 50 Listed Companies in Egypt by Market Value for 2026,” with a market capitalization of $2.9 billion, reflecting the company’s strong operational and financial performance across both domestic and regional markets.
Led by Managing Director and CEO Tamer El Mahdy, the company continues to reinforce its position as one of Egypt’s leading telecom operators. According to Forbes, Telecom Egypt serves approximately 25.25 million fixed-line and broadband customers, in addition to 15.5 million mobile subscribers, underscoring its broad and diversified customer base.
The company reported robust financial growth in 2025, with net profit more than doubling to reach $473 million. This performance was driven by improved revenues and enhanced operational efficiency, highlighting Telecom Egypt’s ability to capitalize on growing demand for digital and connectivity services.
As part of its strategy to expand investments in digital infrastructure, Telecom Egypt announced preliminary approval in September 2025 of a binding offer from Helios Investment Partners to acquire a 75% to 80% stake in a subsidiary that owns the Regional Data Hub (RDH). The transaction values the unit between $230 million and $260 million.
Telecom Egypt has also continued to strengthen its role in global connectivity projects. The company is a participant in the international consortium behind the 2Africa subsea cable, one of the largest subsea cable systems worldwide, supporting Egypt’s ambition to become a regional data transit hub.
Forbes noted that the Egyptian Exchange delivered exceptional performance in 2025, with total market capitalization of listed companies rising by more than 40% to $67.3 billion by the end of January 2026, compared to the same period a year earlier.
The top 50 companies accounted for the majority of this momentum, with a combined market value of $55.8 billion, representing 83% of the total market. Over the past 12 months, their aggregate market capitalization surged by more than 48%, supported by increased investor appetite for Egyptian equities.