Who Owns Whom

Egypt

Country Code: 818

ISO2 Code: EG

ISO3 Code: EGY

Country Economic Snapshot

2021-12-28

Egypt is situated in North Africa with 2,900km of coastline on the Mediterranean Sea, which links to the Red Sea through the Suez Canal. With GDP of US$363bn in 2020, it is the second largest economy in Africa after Nigeria. It had a GDP per capita of US$3,547 in 2020, the eighth highest on the continent. It also has the second largest stock exchange after South Africa based on number of listings, which is 301 companies.

The former British colony, which gained independence in 1922, had an estimated population of 102.3 million in 2020 (which the UN expects to grow to 153 million by 2052), with 56.1% living in urban areas in 2020, up from 46.7% in 2000. About 97% of the population live on just 8% of its territory.

Egyptian army chief general Abdel Fattah al-Sisi came to power in 2012 following a 2013 coup, and has since embarked on a number of economic reforms to make it easier to start a business, pay taxes, get access to electricity and protect minority investors.

In October 2021 Fitch affirmed Egypt’s B+ rating and said the country’s outlook is stable. While it said the economy had been stable and resilient through the pandemic, it raised concern over its still large fiscal deficits, high general government debt and domestic and regional security and political risks. Similarly, in October 2021, Standard & Poor’s (S&P) kept Egypt’s credit rating at B with a stable outlook, while Moody’s in August 2021 kept Egypt’s rating unchanged at B2 with a stable outlook.

Egypt’s economy has structural constraints. Bloomberg said Egypt is a net food and fuel importer and depends on imports for essential production inputs.

A Who Owns Whom report on the wholesale and retail of food in Egypt said 20% of Egypt’s import bill is spent on food. The food retail sector is dominated by independent small grocers, kiosks and market stalls which account for 98% of the nearly 119,000 stores, but only 80% of food retail sales volumes.

These traditional retailers are increasingly losing share to the growing formal sector, which makes up the remaining 2% of the market, but 20% of sales. Major players, which include France’s Carrefour in partnership with UAE-based Majid Al Futtaim, Turkish retailer BIM, Egypt’s Mansour group and the UAE’s Abraaj group are growing their investments and their footprints.

According to the Who Owns Whom report, recovery in this sector will be aided by new laws to modernise and reduce barriers for international companies investing and operating in the country. These laws aim to expand economic growth, increase domestic production and exports, boost foreign investment and boost employment, the report said.

There are 38 licensed commercial banks in Egypt, down from over 60 in around 2000 which hold total assets of US$500bn as of the end of June 2021, up 24% from end-June 2020.

Sources; Who Owns Whom industry reports, The World Bank, Standard Chartered and Bloomberg

Info

Capital Cairo
Currency (Name, Abbreviation, Symbol) Egyptian pound , EGP , ج.م
Area 1,001,450 sq km
Type of Government presidential republic
Languages Arabic (official), English and French widely understood by educated classes
Natural Resources petroleum, natural gas, iron ore, phosphates, manganese, limestone, gypsum, talc, asbestos, lead, rare earth elements, zinc
Type of Industry textiles, food processing, tourism, chemicals, pharmaceuticals, hydrocarbons, construction, cement, metals, light manufactures
Stock Exchange Egyptian Exchange
Stock Exchange Location Cairo,Alexandria
Stock Exchange Founded 1883
Tax Rate: Corporate 22.5%
Tax Rate: Individual 22.5%
Natural Resources petroleum, natural gas, iron ore, phosphates, manganese, limestone, gypsum, talc, asbestos, lead, rare earth elements, zinc

Latest available information as sourced from:

African Markets

Trading Economics

Economy Watch

The World Fact Book

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Company Profile

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Sector Research

CompanyName Stock Exchange Listed Date Ticker Code Country Status
Abu Dhabi Islamic Bank - Egypt SAE Egyptian Exchange 1996-06-19 ADIB Egypt Active
Abu Qir Fertilizers and Chemical Industries Company SAE Egyptian Exchange 1994-09-12 ABUK Egypt Active
Acrow Misr Formwork and Scaffolding Egyptian Exchange 1982-09-15 ACRO Egypt Active
Ajwa for Food Industries Co SAE Egyptian Exchange 1995-09-17 AJWA Egypt Active
Al Ahli for Development and Investment SAE Egyptian Exchange 1997-05-28 AFDI Egypt Active
Al Arafa for Investment & Consultancies S.A.E Egyptian Exchange 2006-09-06 AIVC Egypt Active
Al Baraka Bank Egypt S.A.E. Egyptian Exchange 1984-12-25 SAUD Egypt Active
Al Ezz Ceramics and Porcelain Company S.A.E Egyptian Exchange 1998-09-12 ECAP Egypt Active
Al Ezz Dekheila Steel Company - Alexandria S.A.E Egyptian Exchange 1995-09-17 IRAX Egypt Active
Al Khair River for Development Agricultural Investment & Environmental Services Company Egyptian Exchange 2021-12-30 Egypt Active
Alexandria Company for Pharmaceuticals and Chemical Industries SAE Egyptian Exchange 1995-02-27 AXPH Egypt Active
Alexandria Container and Cargo Handling Company SAE Egyptian Exchange 1995-08-16 ALCN Egypt Active
Alexandria Flour Mills and Bakeries Company SAE Egyptian Exchange 1997-04-01 AFMC Egypt Active
Alexandria Mineral Oils Company S.A.E. Egyptian Exchange 2004-12-22 AMOC Egypt Active
Alexandria National Company for Financial Investment SAE Egyptian Exchange 1998-11-04 ANFI Egypt Active
Alexandria New Medical Center SAE Egyptian Exchange 1999-09-15 AMES Egypt Active
Alexandria Spinning and Weaving Company SAE Egyptian Exchange 1995-09-17 SPIN Egypt Active
Amer Group Holding Co SAE Egyptian Exchange 2010-11-09 AMER Egypt Active
Arab Aluminum Company SAE Egyptian Exchange 1982-09-15 ALUM Egypt Active
Arab Ceramic Co-Ceramica Remas SAE (The) Egyptian Exchange 1992-04-07 CERA Egypt Active
Arab Dairy Products Company S.A.E. (The) Egyptian Exchange 2001-01-24 ADPC Egypt Active
Arab Drug Company for Pharmaceuticals and Chemical Industries SAE Egyptian Exchange 1996-02-06 ADCI Egypt Active
Arab Engineering Industries SAE Egyptian Exchange 1995-11-05 EEII Egypt Active
Arab Moltaqa Investments Company SAE Egyptian Exchange 1995-12-14 AMIA Egypt Active
Arab Polvara Spinning and Weaving Company SAE Egyptian Exchange 2002-03-20 APSW Egypt Active
Arab Real Estate Investment Company SAE Egyptian Exchange 2011-08-11 RREI Egypt Active
Arab Valves Company SAE Egyptian Exchange 2007-02-14 ARVA Egypt Active
Arabia Cotton Ginning Company SAE Egyptian Exchange 1995-07-08 ACGC Egypt Active
Arabia Investments Holding Egyptian Exchange 2010-06-03 AIH Egypt Active
Arabian Cement Company SAE Egyptian Exchange 2014-03-24 ARCC Egypt Active
Asek Company for Mining SAE Egyptian Exchange 2003-10-08 ASCM Egypt Active
Assiut Islamic Trading Company SAE Egyptian Exchange 1996-01-18 AITG Egypt Active
Atlas For Investment & Food Industries Egyptian Exchange 2012-11-07 AIFI Egypt Active
Beltone Financial Holding S.A.E. Egyptian Exchange 2008-04-09 BTFH Egypt Active
BPE Holding For Financial Investments SAE Egyptian Exchange BCAP Egypt Active
Cairo Development and Investment Company S.A.E Egyptian Exchange 1992-04-07 CIRF Egypt Suspended
Cairo for Educational Services S.A.E Egyptian Exchange 2000-09-11 CAED Egypt Active
Cairo Oils and Soap Company SAE Egyptian Exchange 1999-05-05 COSG Egypt Active
Cairo Poultry Company S.A.E Egyptian Exchange 1995-11-05 CPC Egypt Active
Canal Shipping Agencies Company SAE Egyptian Exchange 1995-02-27 CSAG Egypt Active
Cleopatra Hospital Company S.A.E Egyptian Exchange 2016-04-13 CLHO Egypt Active
Commercial International Bank (Egypt) SAE Egyptian Exchange 1995-02-02 CIB Egypt Active
Credit Agricole Egypt S.A.E. Egyptian Exchange CIEB Egypt Active
Delta for Construction and Rebuilding SAE Egyptian Exchange 1994-09-12 DCRC Egypt Active
Delta For Printing & Packaging SAE Egyptian Exchange 2008-05-21 DTPP Egypt Active
Delta Insurance Company SAE Egyptian Exchange 1996-07-03 DEIN Egypt Active
Delta Sugar Company SAE Egyptian Exchange 1992-04-07 SUGR Egypt Active
Development and Engineering Consultants Company SAE Egyptian Exchange 1996-06-19 DAPH Egypt Active
Dice Sport and Casual Wear SAE Egyptian Exchange 2008-07-02 DSCW Egypt Active
East Delta Flour Mills Company SAE Egyptian Exchange 1996-06-19 EDFM Egypt Active
Eastern Company SAE Egyptian Exchange 1995-09-27 EAST Egypt Active
Edita Food Industries S.A.E. Egyptian Exchange 2014-12-11 EFID Egypt Active
EFG Hermes Holding SAE Egyptian Exchange 1999-02-10 HRHO Egypt Active
Egypt Aluminum Company SAE Egyptian Exchange 1997-07-29 EGAL Egypt Active
Egypt For Poultry Company S.A.E Egyptian Exchange 2001-12-06 EPCO Egypt Active
Egypt Free Shops Company S.A.E Egyptian Exchange 1996-06-19 MFSC Egypt Active
Egypt Gas Company S.A.E. Egyptian Exchange 1992-04-07 EGAS Egypt Active
Egypt Kuwait Holding Company SAE Egyptian Exchange 1999-01-27 EKHO Egypt Active
Egyptian Arabian Company (Themar) for Securities Brokerage S.A.E. Egyptian Exchange 2007-01-17 EASB Egypt Active
Egyptian Financial and Industrial Company S.A.E Egyptian Exchange 1996-03-10 EFIC Egypt Active
Egyptian for Developing Building Materials Egyptian Exchange 1999-08-11 EDBM Egypt Active
Egyptian Gulf Bank S.A.E Egyptian Exchange 1983-11-17 EGBE Egypt Active
Egyptian International Pharmaceutical Industries Company SAE Egyptian Exchange 1995-09-27 PHAR Egypt Active
Egyptian Iron and Steel Company SAE Egyptian Exchange 1958-11-13 IRON Egypt Active
Egyptian Media Production City Co S.A.E Egyptian Exchange 1999-09-26 MPRC Egypt Active
Egyptian Resorts Company S.A.E Egyptian Exchange 1999-02-10 EGTS Egypt Active
Egyptian Satellites Company S.A.E Egyptian Exchange 1998-12-09 EGSA Egypt Active
Egyptian Transport and Commercial Services Company SAE Egyptian Exchange 1992-12-28 ETRS Egypt Active
Egyptians Abroad for Investment and Development Company S.A.E. Egyptian Exchange 1986-09-30 ABRD Egypt Active
Egyptians for Investment and Urban Development SAE Egyptian Exchange 2011-07-14 EIUD Egypt Active
Egyptians Housing Development and Reconstruction Company S.A.E. Egyptian Exchange 1994-08-03 EHDR Egypt Active
El Ahram Company for Printing and Packing S.A.E Egyptian Exchange 2003-02-03 EPPK Egypt Active
El Arabia for Land Reclamation SAE Egyptian Exchange 1996-08-01 EALR Egypt Active
El Kahera El Watania Investment SAE Egyptian Exchange 1997-09-08 KWIN Egypt Active
El Kahera Housing and Development S.A.E. Egyptian Exchange 1995-03-30 ELKA Egypt Active
El Nasr Clothing & Textiles Company SAE Egyptian Exchange 1995-02-08 KABO Egypt Active
El Nasr For Manufacturing Agricultural Crops SAE Egyptian Exchange 2007-01-17 ELNA Egypt Active
El Obour Real Estate Investment SAE Egyptian Exchange 1998-06-18 OBRI Egypt Active
El Orouba Securities Brokerage Company S.A.E Egyptian Exchange 2008-05-14 EOSB Egypt Active
El Sewedy Electric Company SAE Egyptian Exchange 2006-05-18 SWDY Egypt Active
El Shams Housing & Urbanization SAE Egyptian Exchange 1995-09-12 ELSH Egypt Active
El Shams Pyramids For Hotels & Touristic Projects SAE Egyptian Exchange 2008-09-24 SPHT Egypt Active
El Wadi Company for Touristic Investment SAE Egyptian Exchange 2012-09-06 ELWA Egypt Active
El-Saeed Contracting & Real Estate Investment Co S.A.E. Egyptian Exchange 1997-05-07 UEGC Egypt Active
Electro Cable Egypt Company S.A.E. Egyptian Exchange 1995-03-30 ELEC Egypt Active
Export Development Bank of Egypt S.A.E Egyptian Exchange 1995-12-14 EXPA Egypt Active
Extracted Oils & Derivatives Co SAE Egyptian Exchange 1995-09-17 ZEOT Egypt Suspended
Ezz Steel Company S.A.E Egyptian Exchange 1999-05-25 ESRS Egypt Active
Faisal Islamic Bank of Egypt S.A.E. Egyptian Exchange 1995-06-07 FAITA Egypt Active
GB Auto S.A.E Egyptian Exchange 2007-03-07 AUTO Egypt Active
General Company for Ceramic and Porcelain Products SAE Egyptian Exchange 1996-03-10 PRCL Egypt Active
General Company for Land Reclamation, Development & Reconstruction SAE Egyptian Exchange 1996-08-26 AALR Egypt Active
General Company for Silos and Storage SAE Egyptian Exchange 1996-05-29 GSSC Egypt Active
Gharbia Islamic Housing Development Company Egyptian Exchange 1994-09-12 GIHD Egypt Active
Giza General Contracting and Real Estate Investment Company S.A.E. Egyptian Exchange 1997-06-19 GGCC Egypt Active
GlaxoSmithKline SAE Egyptian Exchange 1985-10-23 BIOC Egypt Active
GMC Group For Industrial Commercial and Financial Investments SAE Egyptian Exchange 2006-01-04 GMCI Egypt Active
Golden Coast El Sokhna Company for Touristic Investment SAE Egyptian Exchange 2013-01-17 GOCO Egypt Active
Golden Pyramids Plaza SAE Egyptian Exchange 1997-08-20 GPPL Egypt Active
Golden Textiles and Clothes Wool SAE Egyptian Exchange 1992-04-07 GTWL Egypt Active
Grand Investment Capital S.A.E. Egyptian Exchange 2009-08-19 GRCA Egypt Active
Gulf Canadian Company for Arab Real Estate Investment SAE Egyptian Exchange 2001-12-30 CCRS Egypt Active
Heliopolis Company for Housing and Development SAE Egyptian Exchange 1995-05-07 HELI Egypt Active
Housing and Development Bank S.A.E. Egyptian Exchange 1983-09-13 HDBK Egypt Active
HSBC Securities Egypt S.A.E Egyptian Exchange HSBC Egypt Active
Industrial Engineering Company for Construction and Development SAE Egyptian Exchange 1982-02-19 ENGC Egypt Active
International Company for Agricultural Crops S.A.E. Egyptian Exchange 1998-12-23 IFAP Egypt Active
International Company for Investment and Development Egyptian Exchange 1985-02-02 ICID Egypt Active
International Company for Leasing S.A.E. Egyptian Exchange 2002-06-13 ICLE Egypt Active
Ismailia Misr Poultry Company SAE Egyptian Exchange 1995-06-07 ISMA Egypt Active
Ismailia National Food Industries SAE Egyptian Exchange 2010-09-06 INFI Egypt Active
Juhayna Food Industries SAE Egyptian Exchange 2010-05-18 JUFO Egypt Active
Kafr El Zayat Pesticides & Chemicals Co S.A.E. Egyptian Exchange 1996-08-01 KZPC Egypt Active
Kahira Pharmaceuticals and Chemical Industries Company SAE Egyptian Exchange 1996-04-09 CPCI Egypt Active
Lecico Egypt S.A.E. Egyptian Exchange 1992-04-07 LCSW Egypt Active
Madinet Nasr for Housing & Development SAE Egyptian Exchange 1995-05-07 MNHD Egypt Active
Mansoura Poultry Company S.A.E. Egyptian Exchange 1995-02-02 MPCO Egypt Active
Maridive and Oil Services SAE Egyptian Exchange 1992-04-07 MOIL Egypt Active
Marsa Marsa Alam for Tourism Development S.A.E Egyptian Exchange 2012-09-06 MMAT Egypt Active
Medical Packaging Company S.A.E. Egyptian Exchange 2011-08-03 MEPA Egypt Active
Memphis Company for Pharmaceuticals & Chemical Industries SAE Egyptian Exchange 1995-09-27 MPCI Egypt Active
Mena for Touristic and Real Estate Investment Company SAE Egyptian Exchange 1995-09-27 MENA Egypt Active
Middle and West Delta Flour Mills SAE Egyptian Exchange 1996-05-11 WCDF Egypt Active
Middle East Glass Manufacturing Co S.A.E. Egyptian Exchange 2002-07-09 MEGM Egypt Active
Middle Egypt Flour Mills Company SAE Egyptian Exchange 1996-03-27 CEFM Egypt Active
Minapharm Pharmaceuticals S.A.E Egyptian Exchange 2004-01-11 MIPH Egypt Active
Misr Beni Suef Cement Company SAE Egyptian Exchange 1999-08-11 MBSC Egypt Active
Misr Cement Company (Qena) Egyptian Exchange 2000-05-24 MCQE Egypt Active
Misr Chemical Industries Co Egyptian Exchange 1994-08-03 MICH Egypt Active
Misr Hotels Company Egyptian Exchange 1994-11-15 MHOT Egypt Active
Misr National Steel (Ataqa) SAE Egyptian Exchange 2006-05-24 ATQA Egypt Active
Misr Oils and Soap Company SAE Egyptian Exchange 1996-08-01 MOSC Egypt Active
MM Group for Industry and International Trade SAE Egyptian Exchange 2017-04-11 MTI Egypt Active
Mohandes Insurance Company SAE Egyptian Exchange 1995-05-07 MOIN Egypt Active
Naeem Holding for Investments S.A.E. Egyptian Exchange 2006-11-16 NAHO Egypt Active
Nasr Company for Civil Works SAE Egyptian Exchange 1997-12-07 NCCW Egypt Active
National Cement Company S.A.E. Egyptian Exchange 1995-11-30 NCEM Egypt Active
National Company for Housing for Professional Syndicates S.A.E. Egyptian Exchange 1995-03-30 NHPS Egypt Active
National Drilling Company SAE Egyptian Exchange 2008-05-07 NDRL Egypt Active
National Real Estate Bank for Development SAE Egyptian Exchange 1992-04-07 NRPD Egypt Active
New Ismailia Urban Development Company SAE Egyptian Exchange 2011-06-16 IDRE Egypt Active
Nile City Investment Company SAE Egyptian Exchange 2001-12-23 NCIN Egypt Active
Nile Company for Pharmaceuticals and Chemical Industries SAE Egyptian Exchange 1995-02-27 NIPH Egypt Active
North Cairo Flour Mills Company SAE Egyptian Exchange 1995-09-17 MILS Egypt Active
Northern Upper Egypt Development and Agricultural Production Company SAE Egyptian Exchange 1998-11-25 NEDA Egypt Active
Nozha International Hospital SAE Egyptian Exchange 1997-11-27 NINH Egypt Active
October Pharma S.A.E Egyptian Exchange 2005-02-23 OCPH Egypt Active
Orascom Hotels & Development SAE Egyptian Exchange 1998-06-18 ORHD Egypt Active
Orascom Investment Holding S.A.E. Egyptian Exchange 2012-01-02 OIH Egypt Active
Oriental Weavers Company for Carpets SAE Egyptian Exchange 1994-12-14 ORWE Egypt Active
Osool ESB Securities Brokerage Company SAE Egyptian Exchange 1997-12-07 EBSC Egypt Active
Paint and Chemical Industries Company S.A.E. Egyptian Exchange 1994-08-03 PACH Egypt Active
Palm Hills Developments Company S.A.E. Egyptian Exchange 2006-12-27 PHDC Egypt Active
Pioneers Holding Company for Financial Investment S.A.E. Egyptian Exchange 2008-06-22 PIOH Egypt Active
Porto Group Holding SAE Egyptian Exchange 2015-10-20 PORT Egypt Active
Prime Holding S.A.E. Egyptian Exchange 2008-04-23 PRMH Egypt Active
Pyramisa Hotels & Resorts S.A.E. Egyptian Exchange 1997-02-18 PHTV Egypt Active
Qalaa Holdings SAE Egyptian Exchange 2009-12-03 CCAP Egypt Active
QNB Alahli SAE Egyptian Exchange 1996-07-03 QNBA Egypt Active
Rakta Paper Manufacturing Company Egyptian Exchange 1994-11-15 RAKT Egypt Active
Raya Holding for Financial Investments SAE Egyptian Exchange 2005-05-12 RAYA Egypt Active
Reacap Financial Investments S.A.E Egyptian Exchange 2006-08-08 REAC Egypt Active
Real Estate Egyptian Consortium SAE Egyptian Exchange 1998-02-16 AREH Egypt Active
Remco Tourism Villages Construction SAE Egyptian Exchange 1998-10-21 RTVC Egypt Active
Rowad Misr for Tourism Investment Company S.A.E Egyptian Exchange 1995-11-30 RMTV Egypt Active
Rowad Tourism Company S.A.E Egyptian Exchange 1998-10-28 ROTO Egypt Active
Rubex International for Plastic and Acrylic Manufacturing Company SAE Egyptian Exchange 1997-04-01 RUBX Egypt Active
Sabaa International Company for Pharmaceutical and Chemical Industry Egyptian Exchange 2013-10-23 SIPC Egypt Active
Samad Misr Egyfert SAE Egyptian Exchange 1999-12-01 SMFR Egypt Active
Saudi Egyptian Investment & Finance Company SAE Egyptian Exchange 1992-04-07 SEIG Egypt Active
Sharkia National Company for Food Security S.A.E. Egyptian Exchange 1995-02-27 SNFC Egypt Active
Sharm Dreams Company for Tourism Investment SAE Egyptian Exchange 2000-10-18 SDTI Egypt Active
Sidi Kerir Petrochemicals Company Egyptian Exchange 2005-03-09 SKPC Egypt Active
Sinai Cement Company SAE Egyptian Exchange 2000-07-03 SCEM Egypt Active
Sixth of October for Development and Investment Company S.A.E. Egyptian Exchange 1998-03-10 OCDI Egypt Active
Societe Arabe Internationale de Banque S.A.E. Egyptian Exchange 1980-11-29 SAIB Egypt Active
South Cairo & Giza Flour Mills & Bakeries Company S.A.E. Egyptian Exchange 1996-05-11 SCFM Egypt Active
South Valley Cement Company SAE Egyptian Exchange 1998-10-08 SVCE Egypt Active
Suez Canal Bank S.A.E Egyptian Exchange 1982-09-15 CANA Egypt Active
Suez Canal Company for Technology Settling Egyptian Exchange 2004-03-31 SCTS Egypt Active
Talaat Moustafa Group Holding Company SAE Egyptian Exchange 2007-11-25 TMGH Egypt Active
Telecom Egypt Company S.A.E. Egyptian Exchange 1999-12-29 ETEL Egypt Active
Trans Oceans Tours SAE Egyptian Exchange 1998-12-02 TRTO Egypt Active
United Arab Stevedoring Company S.A.E. Egyptian Exchange 1992-04-07 UASG Egypt Active
United Company for Housing and Development S.A.E. Egyptian Exchange 1994-12-14 UNIT Egypt Active
Universal for Paper and Packaging Materials S.A.E. Egyptian Exchange 1995-10-11 UNIP Egypt Active
Upper Egypt Flour Mills Company SAE Egyptian Exchange 1996-08-01 UEFM Egypt Active
Wadi Kom Ombo Land Reclamation Company SAE Egyptian Exchange 1995-11-25 WKOL Egypt Active
Zahraa Maadi Investment and Development Company SAE Egyptian Exchange 1996-07-03 ZMID Egypt Active

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