Egypt has granted preliminary stock exchange listings to four state-owned companies as part of its broader privatization program. Three of the companies—Engineering for Petroleum and Chemical Industries (ENPPI), Egyptian Linear Alkyl Benzene Company (ELAB), and Petroleum Marine Services—operate in the energy sector, while the fourth, Maamoura for Reconstruction and Tourism Development, operates in the real estate and tourism sectors. The listings represent the first step toward offering stakes to private investors through Egypt’s stock market. The government plans to list 30 state-owned enterprises overall, with four expected to reach the market before May 2027. Officials say the divestment program supports fiscal reforms, attracts investment, and encourages greater private-sector participation in the economy.
Reuters