Egypt plans to list shares in five state-owned companies on the stock exchange within the first half of 2025, Prime Minister Moustafa Madbouly announced on Wednesday at a press conference. These companies include Banque du Caire, AlexBank, the Gebel El Zeit Wind Energy Station, Alamal Alsharif Plastics, and Misr Pharma. This move is part of a broader strategy to privatise more than 10 state-owned enterprises over the next year, as the North African country seeks to boost its financial market and attract foreign investment. Madbouly highlighted that these listings will not only enhance the liquidity of the stock exchange but also provide new investment opportunities for both domestic and international investors. The Prime Minister emphasised that the government's efforts to encourage greater involvement of the private sector, fostering economic growth, and supporting the broader economic agenda of the country.
