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Minister plans IPO for 20 firms and Misr Life by 2026
The Egyptian Ministry of Investment and Foreign Trade has unveiled a plan to prepare 20 government companies to be ready for listing on the stock exchange. This will be achieved through the implementation of a temporary registration system, aimed at preparing the companies in terms of financial and organizational aspects before their final listing. The procedures include reviewing financial statements in accordance with Egyptian accounting standards, and providing training on disclosure and governance, all with the goal of enhancing company efficiency and ensuring the success of the offering process. Additionally, the government is continuing efforts to list Misr Life Insurance Company before the end of 2026, in order to expand the base of listed companies and deepen the capital market. The focus is also on increasing citizen participation in the ownership of government companies and benefiting from their results, to promote financial inclusion and sustainable economic development.
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