Cairo: As many as eight state-owned companies are currently being prepared for listing on the Egyptian Exchange, as part of the government’s ongoing IPO program, Assistant to the Prime Minister and CEO of the State-Owned Enterprises (SOE) Unit Hashem El-Sayed said. Sayed was speaking during a meeting with Prime Minister Madbouly on Tuesday, May 5, 2026, to review the progress on the temporary listing of state-owned companies on the Egyptian Exchange (EGX), in the presence of Deputy Prime Minister for Economic Affairs Hussein Issa.

According to State Information Service Egypt, a group of state-owned companies that previously fell under the business sector had been identified, and it was agreed that 20 of them would be listed on EGX; 12 companies have already been listed, and preparations are underway for the provisional listing of eight others. A number of companies are slated for transfer to the Sovereign Fund of Egypt (TSFE), Sayed pointed that, noting that the 12 listed companies have already received remarkable offers.

He said the procedures are on the right track, and those companies are now visible on trading screens. Meanwhile, Issa said the final updated version of the State Ownership Policy Document will soon be presented to the Cabinet, highlighting the outcomes of a recent meeting with the Egyptian Federation of Investors Associations (EFIA) aimed to promote cooperation with the business community and increasing private sector participation in developmental activities.

The meeting also highlighted the government’s commitment to roll out more incentives that would help create an environment attractive to more domestic as well as foreign investment, Issa added. Madbouly concluded the meeting by setting a deadline, stressing that the status of all identified companies must be finalized by June 30.