Four new temporary listings head to the EGX

Four state-owned companies have secured provisional EGX listings across pharma, fertilizers, and tourism — the latest batch to join the country’s growing temporary listings, according to bourse statements.

Meet the companies:

Chemical Industries Development (CID): Issued capital of EGP 400 mn, distributed over 40 mn shares with a par value of EGP 10.00 per share;
Egyptian General Company for Tourism and Hotels (Egoth): Issued capital of EGP 3 bn, distributed over 30 mn shares with a par value of EGP 100 per share;
Misr Travel: Issued capital of EGP 125.8 mn, distributed over roughly 21 mn shares with a par value of EGP 6 per share;
El Nasr Fertilizers and Chemical Industries: Issued capital of EGP 630 mn, distributed over 63 mn shares with a par value of EGP 10 per share.

A temporary listing doesn’t necessarily mean a future float — there’s no prospectus, fair value study, or equity on offer yet. Instead, this regulatory staging step gets the paperwork out of the way for a number of pre-vetted names across different sectors, allowing the government to move fast to match potential investor demand.

Why it matters: Adding these names pushes the state’s temporary listing roster closer to its ~30-company target. The stakes are concrete — Egypt faces a 15 June deadline to demonstrate meaningful divestment progress to pass the Fund’s seventh review and unlock a USD 1.6 bn disbursement.

REMEMBER- The government has been laying the groundwork to temporarily list legacy hospitality firms Egoth and Misr Travel — both owned by the Holding Company for Tourism, Hotels, and Cinema. On the pharma front, CID has long caught the eye of Gulf investors, with Emirati and Qatari sovereign wealth funds previously said to be eyeing pre-IPO stakes of around 30% in the state-owned player.

What’s next: Temporary listings have a shelf life and come with zero promises that a sale of equity will take place. If the companies miss their six-month window to move forward with an IPO, they’re back to square one — unless they get an extension.