CAIRO - 23 April 2026: The Egyptian Exchange has approved the temporary listing of six state-owned companies, with plans to offer their shares for trading within the next six months as part of the government’s IPO program.
The companies have a combined issued capital of around LE 1.24 billion, with four set to be listed on the main market and two on the SME exchange.
Companies approved for the main market include Al-Nasr Housing and Development, with issued capital of LE 350 million, Sinai Manganese, with LE 300 million, Spring & Transport Needs Manufacturing Co, with LE 125 million, and the Egyptian Contracting Co. (AL Abd), with around LE 369.4 million.
Meanwhile, National Asset Management &Investment Company, with LE 55 million, and National Investment and Development (NIRCO), with LE 45 million, will be listed on the SME board.
The listings are part of broader efforts to enhance the efficiency of state-owned enterprises and maximize returns on public assets, according to Hashem El-Sayed, CEO of the State Ownership Unit.
Omar Radwan, chairman of the exchange, said the move is expected to support market depth, increase liquidity, and attract more local and foreign investment.
The approvals follow a similar move earlier this month to list six additional state-owned firms, as Egypt continues to expand its pipeline of public offerings.
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