The Egyptian Exchange (EGX) is preparing to discuss dual listing opportunities with the London Stock Exchange next week. This comes as it looks to expand the routes available for Egyptian companies to access international investors.

The talks come as the Egyptian Exchange seeks similar cooperation with Saudi Arabia, the UAE, and Nigeria.

Why You Should Care

A dual listing could give Egyptian companies access to investors in both their domestic and overseas markets, while creating additional avenues for raising capital. The talks also point to a broader effort by the Egyptian Exchange to deepen links with other regional and international markets.

The Details

In an interview with Asharq Business, EGX Executive Chairman Mr. Omar Radwan disclosed that Cairo will receive a delegation from the London Stock Exchange next week. They will be accompanied by financial advisors and investors to discuss opportunities for companies to be dual-listed on the two exchanges. He also disclosed that EGX is holding discussions with the exchanges in Saudi Arabia, the UAE, and Nigeria to sign cooperation protocols concerning the dual listing of companies.

A dual listing allows a company’s shares to be listed and traded on two exchanges simultaneously. For companies, this can broaden the pool of investors they can reach and provide access to additional financing channels.

Egyptian companies already have a presence in London through global depositary receipts, although GDRs operate differently from a dual listing. Six Egyptian companies currently have GDRs traded in London: Commercial International Bank, Telecom Egypt, EFG Holding, Madinet Masr for Housing and Development, Lecico Egypt, and Orascom Investment Holding.

The push to expand overseas market access comes as Egyptian equities have recorded gains in 2026. The EGX 30 has risen about 31% since the start of the year, while the EGX 70 Equal Weighted Index has gained about 58%.

The exchange expects to add around 1 million new investors during 2026, compared with approximately 450,000 new investors during the first eight months of the year. This is due to the ability to open accounts and trade electronically, which has helped attract investors from different parts of Egypt.

The Ripple

The discussions with London are taking place alongside Egypt’s efforts to bring more companies to the domestic market.

Radwan expects Banque du Caire, owned by state-owned Banque Misr, to be offered on the Egyptian Exchange before the end of 2026, followed by Misr Life Insurance.

Banque du Caire’s independent financial adviser, Baker Tilly, recently raised the bank’s fair value by about 2% to between EGP 80 billion and EGP 80.5 billion, according to a government official cited by Asharq Bloomberg.

The government is also targeting a 20% offering in Misr Life Insurance, which has begun marketing the transaction to investors with EFG Hermes serving as offering manager.

What to Watch

The immediate focus will be on the outcome of next week’s discussions with the London Stock Exchange and whether they lead to a formal cooperation framework for dual listings. Further developments with exchanges in Saudi Arabia, the UAE, and Nigeria could also determine how broadly Egyptian companies can access international and regional markets.