The listings programme and updated State Ownership Policy aim to expand private-sector participation, improve governance of state assets, and support long-term economic growth.

Prime Minister Dr Mustafa Madbouly chaired a meeting at the government headquarters in the New Administrative Capital to review the progress of listing a number of state-owned companies on the Egyptian Exchange, including several companies affiliated with the Armed Forces.

Why You Should Care

The meeting signals that Egypt is continuing to move forward with its state offerings programme and broader efforts to expand private-sector participation in the economy.

The programme aims to maximise the economic value of state-owned assets while ensuring sustainable returns and improving the business environment.

The meeting reaffirmed the government’s commitment to listing several companies affiliated with the Armed Forces on the Egyptian Exchange (EGX).

These include:

• The National Company for Petroleum Products Marketing and Distribution (Wataniya)
• Silo Foods Industries – NSPO
• ChillOut
• The National Company for Road Construction, Development and Management

 Silo for food industries, Shell Out, and the National Company for the Construction, Development and Management of Roads.

According to Counsellor Mohamed El-Homsany, official spokesman for the Prime Minister’s Office, the meeting also discussed updates to the State Ownership Policy document. The revisions aim to strengthen the role of the private sector as a key partner in achieving sustainable economic growth, generating more job opportunities, and increasing the competitiveness of the Egyptian economy.

The meeting also reviewed the government’s work through the State-Owned Enterprise Unit to prepare a comprehensive national programme for inventorying, classifying, and governing companies. The programme intends to improve management mechanisms for state assets and increase their efficiency.

The Ripple

The meeting reaffirmed the government’s commitment to listing several companies affiliated with the Armed Forces on the Egyptian Exchange. 

The Minister of Investment and Foreign Trade also reviewed measures being taken by The Sovereign Fund of Egypt (TSFE), regarding companies whose affiliation has been transferred to the Fund. This part of the state’s efforts to maximise the benefit from those assets and attract further investment.

What to Watch

At the conclusion of the meeting, Prime Minister Madbouly directed that continuous follow-up be maintained on the procedures for listing the companies to ensure implementation in line with presidential directives.