Cairo: Minister of Petroleum and Mineral Resources Karim Badawi announced the listing of three leading state-owned petroleum companies on the Egyptian Exchange (EGX), marking a historic step in the sector's development. This move aligns with the State's strategy to maximize asset value, enhance private sector participation, and attract both local and foreign investments.According to State Information Service Egypt, Badawi spoke during a bell-ringing ceremony marking the start of trading on Sunday, June 28, 2026. He highlighted that the listing of the Engineering for the Petroleum and Process Industries (ENPPI), Petroleum Marine Services (PMS), and the Egyptian Linear Alkyl Benzene Company (ELAB) on the EGX is part of an integrated vision. This vision aims to enable national companies to capitalize on capital market instruments and strengthen their capacity to expand locally, regionally, and internationally.The Minister emphasized that this move represents the first phase of a broader program to list and o ffer petroleum sector companies on the EGX. He noted that it will help broaden ownership, increase private sector involvement, and maximize the economic value of state assets.Badawi further elaborated that the listing of companies on the stock exchange is not solely for securing financing. It is also intended to promote governance, disclosure, and transparency, improve management efficiency, and enhance decision-making, thereby boosting investor confidence in petroleum sector companies.He stated that the listing will provide petroleum companies with greater access to financing needed for expansion plans while opening opportunities for new investment partnerships and enhancing competitiveness in various markets.The three companies selected for listing, ENPPI, PMS, and ELAB, were chosen due to their extensive expertise and significant roles within the sector. ENPPI is a major engineering consultancy in energy projects, PMS is a leader in marine services and offshore projects, and ELAB is pivotal in the p etrochemicals industry.Badawi also mentioned that the government's initial public offering (IPO) program is a key pillar supporting the national economy. It strengthens the role of the Egyptian Exchange in providing financing and attracting investments, with the petroleum sector boasting strong companies capable of high growth and leveraging investment opportunities.The Egyptian Exchange has also granted temporary listings to four companies, including ENPPI, ELAB, and PMS, along with Al-Maamoura for Reconstruction and Tourism Development, as part of the government's IPO program to expand the base of listed companies on the Egyptian bourse.