{"id":691264,"date":"2026-04-02T00:00:00","date_gmt":"2026-04-02T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/?p=691264"},"modified":"2026-04-02T13:20:41","modified_gmt":"2026-04-02T13:20:41","slug":"egypt-moves-to-list-five-state-owned-firms-on-the-egx","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2026\/04\/02\/egypt-moves-to-list-five-state-owned-firms-on-the-egx\/","title":{"rendered":"Egypt moves to list five state-owned firms on the EGX"},"content":{"rendered":"

Good a<\/strong>fternoon, friends, and congratulations on making it to the weekend.<\/strong> It\u2019s been quite the packed week in the press, and we\u2019re grateful that we can turn off our alarms. In today\u2019s issue, we take a look at the hidden cost of fast fashion and whether sustainable style can come to the rescue, alongside a movie with a ludicrous premise you may or may not relate to \u2014 in theory \u2014 and more.<\/p>\n

Without further ado, the news\u2026<\/strong><\/p>\n

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THE BIG STORY TODAY-<\/p>\n

\ud83d\udccd <\/strong>The<\/strong> government submitted listing documentation <\/strong>for <\/strong>five state-owned firms to the EGX<\/strong>, which are currently undergoing a review by the Financial Regulatory Authority, a government official tells EnterpriseAM.<\/p>\n

The companies include El Nahda Industries, of which a relatively large stake is expected to be offered<\/strong>, potentially between 30-40%, according to our source. The planned offerings also include the Egyptian Ferroalloys Company, with an expected stake of up to 20%, alongside El Nasr Glass, El Nasr Mining, and Alexandria Co. for Refractories.<\/p>\n

What\u2019s next? <\/strong>The government is targeting proceeds of up to USD 1.5 bn to support Egypt\u2019s economic reform indicators. Twenty state-owned firms are expected to secure approval for listing on the EGX by the end of April.<\/p>\n

^^ We\u2019ll have more on this story in Sunday\u2019s edition of EnterpriseAM.<\/p>\n

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THE BIG STORY ABROAD-<\/p>\n

\ud83c\udf10 Once again, the US-Israel-Iran war is dominating the digital front pages of <\/strong>every major media outlet out there. <\/strong>The latest seems to be a series of analyses of US President Donald Trump\u2019s latest televised speech, in which he reiterated his timeline of intensifying strikes on Iran for the next two to three weeks.<\/p>\n

The<\/strong>reax<\/strong>? Anxieties are anything but assuaged. <\/strong>Trump\u2019s speech sent oil back on the up: Brent is trading at USD 109.6 \/ bbl, up 8.4%, while WTI is at USD 109.3 \/ bbl, up 9.1%, at the time of publication. In response to the US president\u2019s threat to go \u201cextremely hard\u201d on Iran, Tehran threatened both the US and Israel with \u201ccrushing\u201d attacks.<\/p>\n

^^ Read more on Reuters<\/a>, Financial Times<\/a>, The Guardian<\/a>, BBC<\/a>, and CNN<\/a>.<\/p>\n

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