Meet Egypt’s Biggest Public Companies
• The market value of the 50 companies totals $28.5 billion.
• CIB tops the list as Egypt’s most valuable company.
• Talaat Moustafa Group Holding tops Egypt’s real estate sector.
• Banking and financial services dominates the ranking with 16 entries.
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Forbes Middle East has revealed its first Top 50 Listed Companies In Egypt ranking, featuring the country’s most valuable and profitable players. The list was compiled using data from the Egyptian Exchange, ranking firms based on market value, sales, assets, and profits.
The aggregate market value of the top 50 stands at $28.5 billion, while the value of assets exceeds $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 is the top listed company outside of the banking sector with total assets of $4.9 billion and a market capitalization of $1.5 billion. Elsewedy Electric follows with total assets of $3.6 billion. Meanwhile, Talaat Moustafa Group Holding — Egypt’s largest listed real estate firm — leads the real estate sector with total assets of $7.5 billion.
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.
Click here for the complete ranking of the Top 50 Listed Companies in Egypt 2022.
Top 5 Listed Companies in the Egypt 2022
1 | Commercial International Bank (CIB)
Sector: Banks & Financial Services
Market value: $4.5 billion
Sales: $2.7 billion
Profits: $713 million
Assets: $26.8 billion
2 | QNB ALAHLI
Sector: Banks & Financial Services
Market value: $2 billion
Sales: $1.9 billion
Profits: $410 million
Assets: $19.3 billion
3 | Telecom Egypt
Sector: Telecommunications
Market value: $1.5 billion
Sales: $2 billion
Profits: $453 million
Assets: $4.9 billion
4 | Elsewedy Electric
Sector: Industrials
Market value: $878 million
Sales: $3.3 billion
Profits: $205 million
Assets: $3.6 billion
5 | Talaat Moustafa Group Holding (TMG Holding)
Sector: Real Estate & Construction
Market value: $953 million
Sales: $825 million
Profits: $96 million
Assets: $7.5 billion
About Forbes Middle East
Forbes Middle East is a licensed edition of Forbes for the Arab world, championing inspiring business journalism and entrepreneurial capitalism. Its online and social platforms break news covering billionaires, business, investment, technology, economy, entrepreneurship, leadership, and luxury lifestyles. The monthly magazine, featuring in-depth interviews with the Middle East’s most influential and innovative leaders, is published in print in English and Arabic, with digital versions available to both regional and global audiences online.
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