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We have a new privatization program target: The Madbouly government aims to raise some USD 10.3 bn through the privatization of state-owned companies and assets by the end of the fiscal year 2026-27, two senior government sources tell EnterpriseAM.
Why it matters: Egypt requires around USD 6 bn to fulfill its commitments under the economic reform program. Securing these funds will bolster foreign reserves beyond the expected USD 55 bn mark, ensuring the sustainability of structural reforms, easing reliance on further borrowing, and enhancing the nation’s ability to meet debt obligations, government sources have previously told EnterpriseAM.
We fell short of previous targets: The state raised 48% of its USD 12.2 bn privatization target for March 2022-July 2025, selling stakes in 19 companies through direct stake sales and IPOs, raising some USD 5.9 bn.
The 60-company list is official: The newly minted cabinet approved the move to raise the number of companies slated for privatization from 35 to 60, the sources said, confirming previous reporting by EnterpriseAM.
A new batch of state firms is EGX-bound: Preparations are underway to take 20 state-owned companies public on EGX, spanning the ins., logistics, construction, and healthcare sectors, the sources said. These offerings will feature stakes ranging from 10% to 40%. The government has been working to boost liquidity on the EGX ahead of this next phase of privatization.
And on the strategic sale front: The government committee in charge of privatization is prepping a number of strategic sales, our sources said without disclosing further details.
We know privatization has been on the brain, with the government appointing investmentbanks and counsels for 10 companies in preparation for selling stakes in them last September.
To make sure we stay on target: Four new KPIs will be introduced to accelerate the implementation of the State Ownership Policy. Monitored via semi-annual reviews, these benchmarks will track credit flow to the private sector, institutional stability, the overall business climate, and an employment index to quantify job creation.
