EGX receives listing request from state-owned pharma company CID

CAIRO - 13 May 2026: The Egyptian Exchange (EGX) has received a request to list shares of state-owned pharmaceutical producer Chemical Industries Development (CID) on the main market, according to a disclosure released Wednesday.

The proposed listing covers issued capital worth LE 400 million, distributed over 40 million shares with a nominal value of LE 10 per share.

The exchange said it is currently examining the company’s submitted documents and procedures before presenting the file to the Listing Committee for final approval.

CID, a subsidiary of the Holding Company for Pharmaceuticals under the Ministry of Public Business Sector, was founded in 1947 and is among Egypt’s longstanding pharmaceutical manufacturers. The company operates a pharmaceutical plant in Assiut established in 1962 and exports products to nearly 40 countries.

The move comes as Egypt pushes ahead with its government offerings program aimed at increasing private sector participation and expanding the number of listed state-owned companies.

Earlier this month, Hashem El-Sayed, Assistant to the Prime Minister and CEO of the State-Owned Enterprises Unit, said authorities are preparing 20 public-sector firms for EGX listing, noting that 12 have already been listed while eight others are being readied for temporary listing.

In April, the EGX approved the temporary listing of six state-owned companies, including Misr Mining, Alexandria Co. for Refractories, El Nasr Glass & Crystal, Egyptian Ferroalloys Company, Egyptian Company for Pipes and Cement Products, and El Nahda Cement.