Egypt to announce plan for listing up to 4 Armed Forces-affiliated companies

This step came after the International Monetary Fund (IMF) called for additional measures to accelerate the privatization process and strengthen the private sector's role in Egypt's economy.

In 2022, the Prime Minister declared Egypt's intention to list more state-owned companies on the EGX, including several firms affiliated with the Armed Forces, as part of a broader initiative to increase the number of initial public offerings (IPOs) of public companies.

In October 2019, President Abdel-Fattah El-Sisi emphasized the importance of listing Armed Forces-owned and managed companies on the stock exchange.

Egypt is currently under the $8 billion Extended Fund Facility loan programme with the IMF.

The government is currently undergoing the fourth review of this loan, which was initially scheduled for completion in November.