Forbes Middle East Unveils The Top 50 Listed Companies In Egypt

Meet Egypt’s Biggest Public Companies

The market value of the 50 companies totals $28.5 billion

 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. 

CIB tops the list as Egypt’s most valuable company

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. 

Talaat Moustafa Group Holding tops Egypt’s real estate sector

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.

Banking and financial services dominates the ranking with 16 entries

Click here for the complete ranking of the Top 50 Listed Companies in Egypt 2022.

Top 5 Listed Companies in the Egypt 2022 

 

Commercial International Bank (CIB)

Sector: Banks & Financial Services 

Market value: $4.5 billion

Sales: $2.7 billion 

Profits: $713 million 

Assets: $26.8 billion

QNB ALAHLI 

Sector: Banks & Financial Services 

Market value: $2 billion

Sales: $1.9 billion 

Profits: $410 million 

Assets: $19.3 billion

Telecom Egypt  

Sector: Telecommunications 

Market value: $1.5 billion

Sales: $2 billion 

Profits: $453 million 

Assets: $4.9 billion

 Elsewedy Electric

Sector: Industrials  

Market value: $878 million

Sales: $3.3 billion 

Profits: $205 million 

Assets: $3.6 billion

Talaat Moustafa Group Holding (TMG Holding) 

Sector: Real Estate & Construction 

Market value: $953 million

Sales: $825 million 

Profits: $96 million 

Assets: $7.5 billion

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.

Forbes Middle East extends the Forbes brand of journalism across the Arab world, conducting its own comprehensive research to publish original lists that adhere to strict methodologies. Its content attracts business leaders, investors, active and potential entrepreneurs, and a wide audience of ambitious and influential executives.