Egypt’s state-owned Holding Company for Tourism and Hotels (HOTAC) and its subsidiaries are targeting consolidated revenues of EGP 9.4 billion and a net profit of EGP 5.5 billion during the current fiscal year (FY) 2026/2027.

Egypt approved an additional EGP 1.061 billion in dividend distributions from five state-owned holding companies for fiscal year (FY) 2024/2025 to support the state treasury.

Egypt has temporarily listed four state-owned companies on the Egyptian Exchange (EGX), including three from the petroleum sector, as part of the government's initial public offering (IPO) aimed at broadening private sector participation.

This move aims at boosting the efficiency of these hotels to pave the way for offering them on the stock market.

Egypt aims to promote the participation of the private sector to accelerate the pace of economic growth by offering state-run companies on the Egyptian Exchange (EGX), as well as through direct partnerships in projects and holding companies with major investors.