44. Egypt Gas

Sector: Utilities
Chairman and Managing Director: Wael Gowayed
Market Value: $104 million
Sales: $227 million
Profits: $10 million
Assets: $418 million

Egypt Gas was established in 1983 to focus on natural gas activities. It is 83.2% owned by the Egyptian Natural Gas Holding Company. The company doubled its authorized capital to $65 million in March 2023. In 2022, Egypt Gas added 450,000 home customers bringing its total number of clients to six million. It also provided gas delivery to 697 commercial establishments, boosting the total number to 7,375 facilities. Egypt Gas increased its revenue by 30% in 2022 to hit $227 million.