Despite economic turmoil, Egypt’s listed companies have continued to perform over the last year, with the financial, industrial, and real estate sector leading growth. Our Top 50 Listed Companies In Egypt ranking features the most valuable and profitable players in the country. The aggregate market value of the top 50 stands at $28.5 billion, while the value of assets exceed $142 billion. The companies generated $39.1 billion in aggregate revenues and $5.4 billion in net income.
The banking and financial services sector is the most represented with 16 entries, followed by real estate and industrials with eight, and seven companies, respectively. CIB, Egypt’s largest private bank, tops the list with total assets of $26.8 billion in 2021, followed by QNB ALAHLI, Telecom Egypt, and Elsewedy Electric. The Talaat Moustafa Group Holding follows as Egypt’s largest listed real estate company.
The aggregate turnover of the top 10 alone jumped by 31% in 2021 compared to the year before to hit $22.8 billion, while net income soared by 59% to touch $3 billion. While Egypt has recently devalued its local currency by over 15%, the country’s companies have started to lure foreign investments. Abu Dhabi’s ADQ has bought stakes in five companies including CIB, Fawry, and MOPCO for $1.8 billion. Qatar has announced that it plans to invest $5 billion in Egypt and, in March 2022, Saudi Arabia signed an agreement regarding its Public Investment Fund investing in the country.
We collected data from the Egyptian Exchange and ranked companies based on market value, sales, assets, and profits.
Each metric was given equal weight, and companies with the same final scores were given the same rank.
We excluded companies that hadn’t disclosed their 2021 audited financial statements as of April 20, 2022. Currency exchange rates and market cap calculations were taken as of April 21, 2022.