ELAB moves closer to EGX listing under Egypt’s IPO program

CAIRO – 14 June 2026: The Egyptian Exchange said on Sunday that it received a request to list the shares of the Egyptian Linear Alkyl Benzene Company, known as ELAB, on the main market, in another step tied to Egypt’s state IPO program.

The EGX Listing Department said it is currently examining and completing the documents submitted by the company before referring the listing file to the Listing Committee.

According to the disclosure, ELAB is seeking to list issued capital of around $210.025 million, divided into approximately 2.1 billion shares, with a nominal value of $0.1 per share.

ELAB is the second state-owned petroleum company to submit a temporary listing request to the Egyptian Exchange. Late last week, Petroleum Marine Services also applied for temporary listing on the main market, with issued capital of $120 million distributed over 12 million shares, at a nominal value of $10 per share.

The EGX added that the listing request announcement will be published for five working days from the submission date, in line with the applicable listing and delisting regulations.

The move comes as Egypt pushes ahead with its state IPO program, with several offerings expected to begin on the Egyptian Exchange during the fourth quarter of this year, according to Hashem El-Sayed, CEO of the State-Owned Companies Unit.

The government has already temporarily listed 16 state-owned companies across different sectors and plans to list four more companies during the current month. It is also working to list 10 petroleum sector companies as part of efforts to accelerate the IPO program and expand the ownership base.

ELAB is among the petroleum companies being prepared for temporary listing, alongside other major names such as Enppi and Petrojet, ahead of assessing potential stake offerings based on each company’s readiness and the government’s broader divestment plans.

Founded on November 23, 2003, under Investment Law No. 8 of 1997, ELAB produces linear alkyl benzene, a key raw material used in laundry detergents, light dishwashing liquids, and industrial detergents.