State-Owned Companies Chief Announces 10 Oil Firm Registration and Q4 Trading
Hashim El-Sayed, CEO of the State-Owned Companies Unit in Egypt, announced that ten oil companies will enter the temporary listing phase on the stock exchange within 45 days, with trading of the companies meeting all requirements beginning in the fourth quarter of 2026. The government expects to complete the listing of 20 subsidiaries of the public sector by June 30, while continuing to finalize procedures for four other companies. The offering process involves several stages, starting with the temporary listing, followed by the appointment of the financial advisor and a valuation study before determining the form of offering and the timing of trading.
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