Al Ahly Football Company could offer a stake on the Egyptian Exchange (EGX) within two to three years, after strengthening its financial sustainability and building a more stable revenue base, Chairman Ayman Fathy Hussein said.

 

Hussein said the company is not planning a near-term listing, as it needs greater financial and structural maturity to make its performance more predictable and provide investors with greater clarity.

 

The company is already profitable, he said, adding that the next two to three years will focus on establishing sustainable revenues before determining whether to pursue a public offering or investment partnerships.

 

Any future EGX offering would involve only a limited stake, while Al Ahly Sporting Club would retain an absolute majority in the company. Hussein said the structure would prevent investors from controlling the club’s decisions and preserve the company’s independence.

 

He also said one of his key objectives is to make football ownership accessible to fans, potentially giving supporters the opportunity to acquire stakes in the company in the future, subject to legal requirements and the club maintaining its majority ownership.

 

Hussein, speaking on a TV interview, also rejected reports of an operating deficit in the football sector. He said the main financial challenge had been securing foreign currency for dollar-denominated obligations, including the head coach’s salary, foreign players’ wages and travel costs for African competitions.

 

The foreign-currency shortage during 2023 and 2024 created a temporary gap between available Egyptian pound liquidity and the ability to convert funds into dollars, with conditions gradually improving in the second half of 2025.