Forbes Middle East lists Egypt’s Top 50 Public Companies for 2025
Updated 6/18/2025 2:21:00 PM
Arab Finance: Forbes Middle East released its annual list of the Top 50 Listed Companies in Egypt, with total market capitalization hitting $35.1 billion as of April 25th, 2025, according to a press release.
The market cap hiked by 19.6% year-on-year (YoY), while the aggregated sales jumped by 34.5% to $35.6 billion. Additionally, the net profits surged nearly 45% to $6.5 billion.
Total assets climbed by 33% to $118.8 billion, representing more than 34% of Egypt’s gross domestic product (GDP).
The Commercial International Bank (CIB) led Forbes’ list for the fourth year in a row, with a market cap of $4.7 billion and $23.8 billion in assets.
Elsewedy Electric came in second place, recording $4.5 billion in annual sales, with a market cap of $3.5 billion.
Meanwhile, QNB Egypt ranked third with a market cap totaling $1.2 billion. Talaat Moustafa Group Holding held the fourth position with assets valued at $7 billion in 2024.
This year's list registered three new entrants, including the United Bank, Beltone Holding, and Maridive & Oil Services.
Moreover, the Egyptian Financial and Industrial Company (EFIC) rejoined the list after recording a 148% leap in net profit and a 59% rise in sales during 2024.
The banking and financial services sectors dominated the list, with 17 entries, which generated $13.5 billion in total sales and held $78.4 billion in assets.
The industrials, real estate, and construction sectors followed with seven companies each.
Other than financials, strategic partnerships contributed to shaping this year’s corporate performance.
In November 2024, Telecom Egypt and Mobily joined forces to land the first Saudi subsea cable through the Red Sea, enhancing digital connectivity between Egypt and Saudi Arabia.
As for the sustainable energy, Oriental Weavers signed an agreement with Integrated Renewable & Sustainable Communities (IRSC) to a 2.5-megawatt (MW) solar power plant, with $1.5 million investment in clean energy.
Fawry partnered with Microsoft to foster the digital transformation of small and medium-sized enterprises (SMEs) by integrating Microsoft 365 tools into its business solutions platform.
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