Egypt plans to list 5 government firms by 2026
The Egyptian government has announced plans to list between four and five state-owned companies on the stock exchange before the end of 2026, with the aim of strengthening the role of the private sector and attracting investments. This step is part of the economic reform program that Egypt is implementing in cooperation with the International Monetary Fund, which seeks to expand private sector participation and reduce the state's role in certain economic activities. Additionally, the government is working towards transitioning to a cash subsidy system during the upcoming fiscal year to improve spending efficiency and reduce waste within the subsidy system that benefits millions of citizens.
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