The government of Egypt has confirmed plans to list four companies linked to the military on the Egyptian Exchange, marking a major step in its long-running state asset reform programme.
The announcement includes plans to offer shares in the National Company for the Sale and Distribution of Petroleum Products (Wataniya), Silo Foods, ChillOut, and the National Company for Road Construction, Development and Management.
The decision was confirmed during a high-level meeting chaired by Prime Minister Mostafa Madbouly at the government headquarters in the New Administrative Capital.
Senior officials attended the meeting, including members of the economic cabinet, representatives from the Sovereign Fund of Egypt, and officials linked to state-owned enterprise management bodies.
Government spokesperson Mohamed El-Hommosany said the meeting focused on progress in implementing the State Ownership Policy and reviewing plans for future listings.
He said the reforms are designed to strengthen the role of the private sector in the economy while improving efficiency, competitiveness, and job creation.
Officials also reviewed updates to a broader national programme aimed at restructuring state-owned companies through modern governance systems.
The programme includes steps to classify, organise, and manage state assets more effectively, with a focus on transparency and improved investor confidence.
Authorities say the long-term goal is to maximise the value of state-owned assets while increasing returns for the national economy.
The listing plan is part of a wider economic strategy that seeks to attract more private investment and reduce the direct role of the state in commercial activities.
The government believes that allowing private sector participation will help improve productivity and support sustainable growth.
Officials also highlighted the role of the Sovereign Fund of Egypt in managing transferred companies and attracting new investment opportunities.
The fund is expected to play a central role in preparing state-linked firms for public offering and improving their operational efficiency.
During the meeting, Investment and Foreign Trade Minister Mohamed Farid presented updates on the progress of asset restructuring and investment promotion efforts.
The government said the State Ownership Policy is now a key tool guiding Egypt’s economic restructuring strategy.
It is designed to shift the country toward a more balanced economic model, where private companies play a larger role in growth and development.
Officials said the policy also aims to improve the business environment and make Egypt more attractive to both local and international investors.
The listing of military-linked companies has been widely seen as a significant development in Egypt’s economic reform agenda.
These companies operate in sectors such as fuel distribution, food production, retail services, and infrastructure development.
Analysts say public listing could increase transparency, improve efficiency, and expand access to capital for future growth.
However, the process is expected to be closely monitored due to the strategic importance of military-affiliated businesses in the national economy.
The government has previously stated that reforms will be carried out gradually to ensure stability and avoid disruption.
Prime Minister Madbouly instructed officials to closely monitor the implementation process and ensure that all steps follow presidential directives.
Egypt’s broader economic reform programme has focused on increasing private sector participation, attracting foreign investment, and improving fiscal stability.
The latest move signals continued commitment to restructuring state assets while maintaining government oversight of key strategic sectors.
As the listing process moves forward, attention will remain on how these major companies are introduced to the stock market and how investors respond to their public offerings.
