EGX Rings the Bell for the Temporary Listing of Four State-Owned Companies

EGX Rings the Bell for the Temporary Listing of Four State-Owned Companies

Egyptian Exchange Posted

The Egyptian Exchange (EGX) celebrated the temporary listing of four state-owned companies under the Government of Egypt's IPO program, including three from the petroleum sector: Engineering for the Petroleum and Process Industries (Enppi),

Egyptian Linear Alkyl Benzene Co. (ELAB), Petroleum Marine Services Co. (P.M.S.), and El MAAMOURA for Construction and Tourism Development Company. The listings support the government's efforts to deepen the capital market and enhance its role in financing economic growth.

The newly listed companies comprise:

∙ Enppi: Issued capital of US$357,084,713, divided into 2,856,677,704 shares, with a par value of US$0.125 per share.

∙ ELAB: Issued capital of US$210,025,000, divided into 2,100,250,000 shares, with a par value of US$0.10 per share.

∙ P.M.S.: Issued capital of US$120 million, divided into 12 million shares, with a par value of US$10.00 per share.

∙ El MAAMOURA for Construction and Tourism Development Company: Issued capital of EGP250 million, divided into 25 million shares, with a par value of EGP10.00 per share.

EGX Executive Chairman said the temporary listings represent an important step in strengthening the Egyptian capital market and demonstrate growing confidence in EGX as a platform for financing and investment. He noted that the addition of three companies to the energy and support services sector, alongside a tourism and leisure company, broadens sector representation, increases market depth and liquidity, and offers more diversified investment opportunities for domestic and foreign investors.

Adding that the listings are part of EGX's broader strategy to enhance the capital market's contribution to financing the national economy, improve the efficiency of capital allocation, and reinforce governance, transparency, and disclosure in line with international best practices.