Using data from the Egyptian Exchange, Forbes Middle East has revealed its first Top 50 Listed Companies in Egypt ranking. The list includes some of the country’s most valuable and profitable players in the market, including several real estate and construction heavyweights.
The ranking is based on market value, sales, assets and profits and according to Forbes, the value of assets exceeds USD 142 billion. Additionally, the companies generated USD 39.1 billion in aggregate revenues and USD 5.4 billion in net income. Currency exchange rates and market cap calculations were taken as of April 21, 2022.
While the banking and financial services sector is the most represented with 16 entries, followed by real estate and industrial with eight and seven respectively. Egypt’s largest private bank, CIB topped the list with total assets of USD 26.8 billion in 2021, followed by QNB ALAHLI with total assets of USD 19.3 billion, Telecom Egypt emerged third on the list coming in with assets worth USD 4.9 billion.
REAL ESTATE BRANDS THAT MADE IT ONTO FORBES RANKING:
Egypt’s largest listed real estate firm, Talaat Moustafa Group Holding comes in at 5th place, leading the country’s real estate pack with total assets of USD 7.5 billion, a market value of a whopping USD 953 million, sales at USD 825 million, and profits USD 96 million.
Orascom Construction comes in at seventh place with USD 4.1 billion assets. Headed by CEO Osama Bishai and with a market value of USD 464 million, Orascom Construction has sales worth USD 3.5 billion, and profits of USD 125 million.
Emaar Misr enters the list at 11th place with assets worth USD 3.4 billion, a market value of USD 658 million, sales at USD 596 million, and profits at USD 221 million.
Palm Hills with assets worth USD 2.2 billion enters the list at 23 with a market value of USD 254 million, sales of USD 415 million, and profits of USD 46 million.
ORASCOM DEVELOPMENT EGYPT
Orascom Development Egypt comes in at 24th place on Forbes list with assets worth USD 1.2 billion and a market value USD 251 million, sales at USD 379 million, and profits at USD 71 million.
SODIC enters the list at 27th place with assets at USD 1.4 billion, a market value of USD 226 million, sales of USD 372 million, and profits sitting at USD 47 million.
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