Egypt sets timeline to list 10 state-owned petroleum companies on stock exchange

CAIRO - 14 April 2026: Prime Minister Mostafa Madbouly has instructed officials to establish a clear timetable to complete the temporary listing of 10 government-owned petroleum companies on the Egyptian Exchange in the coming period.

Madbouly chaired a meeting on Tuesday to review the strategy of the Ministry of Petroleum and Mineral Resources for offering several sector companies on the stock market. He emphasized that the government is currently preparing a number of petroleum firms for temporary listing, a move aimed at improving performance, strengthening competitiveness, and attracting additional investment.

During the meeting, Petroleum Minister Karim Badawi said the listing plan is designed to modernize management practices within these companies and capitalize on the sector’s recent growth by converting operational gains into liquidity to support future expansion projects. He noted that companies are being selected based on their strong financial standing and their ability to attract foreign investors.

Badawi added that listing petroleum companies on the Egyptian Exchange will enable them to access a broader range of financial instruments to secure funding for growth and expansion through diversified financing sources, including individuals, financial institutions, and investment funds.

He also explained that daily trading activity, under normal market conditions, serves as a transparent indicator of company performance, which can support future mergers and acquisitions and strengthen operational efficiency.

The minister reiterated that the move is expected to attract institutional investment inflows that support Egypt’s balance of payments, enhance governance and disclosure standards, and provide alternative financing channels beyond reliance on the state budget or borrowing to fund expansion projects, while boosting confidence in the capital market.

For his part, Hashem El-Sayed, Assistant to the Prime Minister and CEO of the State Ownership Unit, said the primary objective is to strengthen governance of state-owned enterprises. He explained that petroleum sector companies will first be temporarily listed on the Egyptian Exchange before undergoing a fair valuation process.

He added that six companies have already been temporarily listed in recent days, noting that the move has been widely welcomed by economic and investment circles.