Forbes Middle East Announces Egypt’s Top Listed Companies Meet The Nation’s 50 Strongest Public Market Players

Cairo , June 18, 2025:

Forbes Middle East has revealed its annual list of the Top 50 Listed Companies in Egypt, spotlighting the country’s corporate powerhouses demonstrating financial resilience and strong growth across sectors.

In 2024, Egypt’s listed companies recorded a significant improvement in their financial performance. The total market capitalization of the 50 ranked firms reached $35.1 billion as of April 25, 2025—marking a 19.6% year-on-year increase. Combined sales climbed 34.5% to $35.6 billion, while net profits surged nearly 45% to $6.5 billion. Notably, total assets expanded by 33% to hit $118.8 billion, representing over 34% of Egypt’s GDP.

The ranking is based on data collected from the Egyptian Exchange, evaluating each company’s sales, profits, and assets for the 2024 fiscal year, alongside market value as of April 25, 2025. All metrics were weighted equally, and companies with identical scores shared ranks. Firms that had not disclosed their full-year audited financials by the cutoff date were excluded. Exchange rates were calculated as of April 25, 2025.

Commercial International Bank (CIB) tops the list for the fourth consecutive year, with a market cap of $4.7 billion and $23.8 billion in assets. Elsewedy Electric, Egypt’s leading industrial group, follows in second place, after generating $4.5 billion in annual sales, with a market cap of $3.5 billion. QNB Egypt ranks third with a market cap of $1.2 billion. Real estate mogul, Talaat Moustafa Group Holding ranks fourth with assets of $7 billion in 2024.

The 2025 list includes three new entries including the United Bank, Beltone Holding, and Maridive & Oil Services. Notably, the Egyptian Financial and Industrial Company (EFIC) has rejoined the list driven by a 148% increase in net profit and 59% rise in sales in the 2024 financial year.

This year’s ranking is dominated by 17 banks and financial services companies, which generated $13.5 billion in total sales and held $78.4 billion in assets. The industrials and real estate & construction sectors follow closely, with seven companies each.

Beyond financials, strategic collaborations have played a crucial role in shaping this year’s corporate performance. In November 2024, Telecom Egypt and Mobily partnered to land the first Saudi subsea cable through the Red Sea, enhancing digital connectivity between Egypt and Saudi Arabia.

In the realm of sustainable energy, Oriental Weavers signed an agreement in September 2024 with Integrated Renewable & Sustainable Communities to install a 2.5MWp solar plant at its largest manufacturing facility—a $1.5 million investment in clean energy. Meanwhile, Fawry partnered with Microsoft in April 2025 to support the digital transformation of SMEs by integrating Microsoft 365 tools into its business solutions platform.

Top 5 Listed Companies in Egypt 2025 :

1 | Commercial International Bank (CIB)
Sector: Banks & Financial Services

2 | Elsewedy Electric
Sector: Industrials

3 | QNB Egypt
Sector: Banks & Financial Services

4 | Talaat Moustafa Group Holding (TMG Holding)
Sector: Real Estate & Construction

5 | Telecom Egypt
Sector: Telecommunications

For Forbes List click here.

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