National Investment Bank to offload entire stake in Alamal Alsharif Plastics through direct EGX listing in 2Q 2025

Alamal Alsharif Plastics is expected to make its EGX debut through a direct listing in 2Q 2025, unnamed sources told Al Borsa. The listing will reportedly see the government-owned National Investment Bank divest its entire 29.5% stake in the part-state-owned plastics manufacturer.

Sound smart: Under the 300 shareholder rule, the EGX requires that companies who want to list need to have — you guessed it — 300 shareholders. In this case, Alamal Alsharif already has 300 shareholders, giving the company an alternative to having to enter the EGX via an IPO. Unlike an IPO, a direct listing also offers already existing shares in the company.

This could just be the first of several state-owned companies to exit the company, with the Madbouly government in April reportedly readying a complete exit from the company — 46.6% of which is owned through state-owned companies — with a preference to sell to a strategic investor in FX. Alongside the National Investment Bank is the National Bank of Egypt with 11.3%, United Bank with 5.3%, and the Suez Canal Bank with 0.5%.

The long-term privatization target was earmarked as a target for 2025 by Prime Minister Moutafa Madbouly in a recent presser laying out the state’s privatization plan for the year, without going into details.

Advisors: EFG Holding and Al Ahly Pharos are reportedly advising Alamal Alsharif on the listing and sale.