- Sabry: The Egyptian Exchange Targets Listing Companies of Oil Sector to Support liquidity and Diversify Sectors
Mr. Mohamed Sabry, EGX Vice Chairman, discussed on April 21, 2026 with Dr. Hashem ElSayed, CEO of the state Owned Enterprises Unit, the final procedures of temporary listing of 6 new state owned companies, in continuation of the companies announced last week.
During the discussions, EGX Vice Chairman, pointed out that 6 government companies applied within the offerings program announced by the Cabinet. This included 4 companies in the main market, besides two other companies in Small and Medium Enterprises (SMEs) market, representing the first two government companies to be listed SMEs market.
He added that the ongoing announcement of the new companies comes in continuation of expanding the list of offerings program with additional 6 companies, after completing the previous listing, to include the companies scheduled to be announced as follows:
1. Sinai Manganese Company (Main Market).
2. Spring & Transportation Needs Manufacturing Co. (Main Market).
3. The Egyptian Contracting Co. (AL-ABD) (Main Market).
4. El Nasr Housing and Development (Main Market).
5. National Asset Management & Investment (SMEs Market).
6. National Investment & Reconstruction Co. “NIRCO” (SMEs Market).
EGX Vice Chairman clarified that the announcement of listing 6 new government companies comes in parallel with the implementation of offerings program, which aims to increasing and deepening the market capitalization, as well as the number of listed companies, contributing to raising liquidity rates and trading values, in addition to enhancing attraction of investments.
Sabry added that we are working to list a number of oil companies, which represent a qualitative addition to the market, both in terms of sectors diversity as well as attracting investors, especially foreigners.
During his meeting with CEO of the state Owned Enterprises Unit, EGX Vice Chairman highlighted the continuous communication with companies of oil sector to fulfil the requirements of listing, being a qualitative step towards enhancing trust in the stock market, and expanding the base of listed companies, supporting market capitalization growth, and enhancing efficiency and depth of the market.
