The Egyptian government is moving to accelerate its public offering program, with expectations that around 20 state owned companies will be listed on the Egyptian Stock Exchange by the end of the year. This step aims to expand the market base and attract more domestic and foreign investment.

Mohamed Sabry, Vice Chairman of the Egyptian Exchange, said according to Al Sharq Business newspaper that two government companies, the Egyptian Education Platform and Misr Spinning and Weaving Company, are preparing to be listed on the main market within the next two months. He noted that the market is currently undergoing a phase of transformation in preparation for other potential offerings, without setting a final timeline.

He added that the exchange plans to launch a market maker mechanism and activate short selling during the second half of 2026, as part of a plan aimed at increasing liquidity and deepening trading activity in the local market.

Egypt had previously selected in April ten oil companies to be offered on the stock exchange during the third quarter of this year, as part of a broader program to restructure public assets and stimulate the capital market.

In a related context, Ahmed Kouchouk, Egypt’s Minister of Finance, said during meetings with American investors in October that Cairo intends to use proceeds from selling stakes in state owned companies to reduce the public debt to gross domestic product ratio to 75 percent over the next three years.