EGX chairman: 23 public companies to be listed on stock exchange in 2023

Rami El Dokany, Chairman of the Egyptian Stock Exchang said that more than 23 public sector companies are nominated for Initial public offering (IPO) or additional offering on the stock exchange during  2023.

El Dokany added, during a press conference held today to announce the 2022 harvest, that the number of companies expected to be listed and their shares offered is 8, namely, Bank of Alexandria, Misr Insurance, Enppi Petroleum, Assiut Oil Refining, Middle East Oil Refining-Midor, Egyptian Ethylene and Derivatives Production, Ethydco. , Al-Wadi for Phosphate Industries and Fertilizers, and the Egyptian company Methanex for methanol production, according to the Middle East News Agency.

As for the companies already listed on the Stock Exchange and are nominated to offer additional shares, the Chairman of the Stock Exchange explained that the number of them reaches 9 companies, which are represented in Alexandria Mineral Oils - AMOC, Housing and Development Bank, e-Finance for Financial and Digital Investments, Nasr City for Housing, Heliopolis for Housing, Misr for Aluminum, Sidi Kerir Petrochemicals, Abu Qir Fertilizers, and Alexandria Container Handling.

He pointed out that there are 4 companies already ready to be offered directly without waiting for any special exits before the offering, namely, Banque du Caire, Misr Life Insurance, the Egyptian Drilling Company, and the Egyptian Company for the Production of Alkyl and Linear Benzene.