Forbes Middle reveals its first “Top 50 Listed Companies In Egypt” ranking, featuring the country’s most valuable and profitable players. The list was compiled using data from the Egyptian Exchange, ranking firms based on market value, sales, assets, and profits.

The aggregate market value of the top 50 stands at USD 28.5 bn, while the value of assets exceeds USD 142 bn. The companies generated USD 39.1 bn in aggregate revenues and USD 5.4 bn in net income.

The banking and financial services sector is the most represented with 16 entries, followed by real estate and industrials with eight, and seven companies, respectively. CIB, Egypt’s largest private bank, tops the list with total assets of USD 26.8 bn in 2021, followed by QNB ALAHLI.

Telecom Egypt is the top listed company outside of the banking sector with total assets of USD 4.9 bn and a market capitalization of USD 1.5 bn. Elsewedy Electric follows with total assets of USD 3.6 bn. Meanwhile, Talaat Moustafa Group Holding — Egypt’s largest listed real estate firm — leads the real estate sector with total assets of USD 7.5 bn.

The aggregate turnover of the top 10 alone jumped by 31% in 2021 compared to the year before to hit USD 22.8 bn, while net income soared by 59% to touch USD 3 bn.

Click here for the complete ranking of the Top 50 Listed Companies in Egypt 2022.

Top 5 Listed Companies in the Egypt 2022

1 | Commercial International Bank (CIB)
Sector: Banks & Financial Services
Market value: USD 4.5 bn
Sales: USD 2.7 bn
Profits: USD 713 mn
Assets: USD 26.8 bn

2 | QNB ALAHLI
Sector: Banks & Financial Services
Market value: USD 2 bn
Sales: USD 1.9 bn
Profits: USD 410 mn
Assets: USD19.3 bn

3 | Telecom Egypt
Sector: Telecommunications
Market value:USD 1.5 bn
Sales: USD 2 bn
Profits: USD453 mn
Assets: USD 4.9 bn

4 | Elsewedy Electric
Sector: Industrials
Market value: USD 878 mn
Sales: USD 3.3 bn
Profits: USD 205 mn
Assets: USD3.6 bn

5 | Talaat Moustafa Group Holding (TMG Holding)
Sector: Real Estate & Construction
Market value: USD 953 mn
Sales: USD 825 mn
Profits: USD 96 mn
Assets: USD 7.5 bn