Egypt's government is preparing to list additional state-owned companies on the Egyptian Exchange (EGX) in 2026, the Cabinet said Monday, as part of a broader initiative to expand private-sector participation and boost market activity. Prime Minister Moustafa Madbouly met in the New Capital with the heads of the Financial Regulatory Authority (FRA) and the EGX to review plans for the upcoming listings. Several state-owned companies are being readied for registration, with public offerings expected next year. The government is also considering changes to financial market laws, including the possible transformation of the Egyptian Exchange into a joint-stock company, aligning it with regional and international markets, said FRA Chairman Mohamed Farid. Plans are under discussion to list shares of central depository and clearing companies to enhance transparency, governance, and financial performance. In a statement, the prime minister emphasised that the listings are intended to broaden ownership of state-owned companies, improve management efficiency, and strengthen competitiveness across Egypt's production and service sectors. The move comes amid growing investor interest and reflects the government's efforts to expand the role of the private sector in the economy while increasing the value of state assets. Attribution: Amwal Al Ghad English
