The Finance Ministry confirmed plans by the government to offer stakes in 11 state-owned companies in FY 2025-2026 as part of the country’s privatization program, according to its latest monthly financial report (pdf). The announcement aligns with statements by government sources who told EnterpriseAM earlier this month that the state aims to raise USD 4-5 bn through stake sales in 11 companies by the end of the upcoming fiscal year.

ICYMI- The lineup includes five military-affiliated firms. The Sovereign Fund of Egypt (SFE) is restructuring five companies affiliated with the military’s National Service Projects Organization to list them on the EGX before 2026. These include filling station operator Wataneya, bottled water company Safi, food manufacturer Silo Foods, fuel retailer Chill Out, and the National Roads Company.

Private investment grew 35.4% y-o-y in 2Q FY 2024-2025, accounting for 53.3% of the total investments, according to the report. Meanwhile, public investment fell 25.7% y-o-y during the quarter, aligning with the state’s strategy to hand more of the economic reins to the private sector.

REMEMBER- The state has so far raised some USD 6 bn across 21 transactions under the program. The SFE is also conducting a comprehensive review of the privatization program that could see it expanded to include 40-60 state-run companies, up from the current list of 35.

Tags: