The Egyptian Exchange (EGX) announced on Sunday that it has received listing applications for shares of two companies affiliated with the Ministry of Public Business Sector: the National Investment and Development Company (NIRCO) and the Egyptian Contracting Company “El Abd.”

 

According to a statement, the EGX listing department is currently reviewing the application submitted by NIRCO for inclusion in the small and medium enterprises (SMEs) market. The exchange noted that the company’s documents are under examination and are being completed ahead of presentation to the listing committee.

 

NIRCO’s issued and paid-in capital stands at approximately EGP 45 million, distributed over 9 million shares with a nominal value of EGP 5 per share, the statement said.

 

In parallel, the EGX also received a listing request from the Egyptian Contracting Company “El Abd” to join the main market. The exchange confirmed that it is reviewing the submitted documents in preparation for referral to the listing committee.

 

The company’s issued capital amounts to around EGP 369.43 million, divided into 73.89 million shares at a nominal value of EGP 5 per share.

 

In line with listing regulations, the exchange will publish the listing applications for five working days, in accordance with Article 20 of the EGX listing and delisting rules issued by the Financial Regulatory Authority.

 

The latest applications come amid a broader push to expand the EGX’s roster of listed companies. Earlier this month, the exchange received a request to list shares of Nasr Housing and Development, with issued capital of about EGP 350 million, as well as an application from the Spring Manufacturing and Transport Equipment Company, which has issued capital of EGP 125 million.

 

In a related development, the Egyptian Cabinet has announced plans to initiate temporary listings for 10 petroleum sector companies, while tasking relevant authorities with setting a clear timeline to complete the process.

 

Last week, the EGX approved the temporary listing of six state-owned firms as part of efforts to broaden market participation and accelerate the government’s IPO program. These include companies such as Misr Mining, Alexandria Refractories, and Nasr Glass and Crystal, among others.

 

NIRCO, established in 1978, is majority-owned by the public business sector, which holds a 74.17% stake, while total public ownership reaches approximately 99.17%. Meanwhile, El Abd, founded in 1917, operates under the Holding Company for Construction and Development, reflecting its long-standing presence in Egypt’s contracting sector.