The meeting was attended by Dr. Mohamed Farid, Chairman of
the Financial Regulatory Authority, Dr. Islam Azzam, Chairman of the EGX, and
Mohamed El‑Sayyad, Vice Chairman of the Financial Regulatory
Authority.
Mohamed El‑Homsani, official spokesperson for
the Prime Minister’s office, stated that the meeting
reviewed the latest developments regarding the expansion plan. He added that
2026 is expected to witness more listings on the EGX, supported by improved
investor appetite and a diversification of targeted sectors. Several
state-owned companies are currently being prepared for listing in anticipation
of their IPOs.
El‑Homsani also noted that the
meeting confirmed ongoing discussions on several laws aimed at revitalizing
financial markets and increasing market capitalization. Efforts are also being
made to implement measures that enhance trading efficiency and boost trading
volumes.
Dr. Farid said amendments to the Capital Market Law are
being studied to allow the EGX to transform into a joint-stock company. This
would enable its listing and IPO, similar to most regional and international
exchanges, if conditions permit. The move would enhance the EGX’s efficiency
and competitiveness, send a strong signal of the government’s commitment to the
IPO program, increase the value of state assets, and raise market
capitalization. He also mentioned plans to list shares of central securities
depositories on the EGX, which would improve transparency, governance, and
operational and financial performance.
El‑Homsani confirmed that the Prime
Minister emphasized that the upcoming listings on the EGX are part of the
government’s IPO program. The plan aims to increase private sector
participation, expand ownership in state-owned companies, improve management
efficiency, and strengthen competitiveness across various productive and
service sectors.