Arab Finance: Forbes Middle East has unveiled its ranking of Egypt’s 50 most valuable listed companies for 2026, highlighting a strong recovery in the country’s equities market, driven by rising valuations and renewed investor confidence.
Egypt’s stock market recorded a sharp rebound in 2025, with total market capitalization climbing more than 40% to $67.3 billion as of January 2026.
The 50 companies featured in the ranking accounted for $55.8 billion, representing approximately 83% of the total market value.
The combined market capitalization of these firms rose by over 48% year-on-year (YoY), underscoring a notable resurgence in investor appetite for Egyptian equities.
Commercial International Bank Egypt (CIB) retained its position as the country’s most valuable listed company, with a market value of $9.6 billion.
It was followed by Talaat Moustafa Group (TMG) at $3.8 billion, while Elsewedy Electric (SWDY) ranked third with $3.6 billion.
Telecom Egypt and Eastern Company (EAST) completed the top five, with market values of $2.9 billion and $2.4 billion, respectively.
The industrials sector emerged as the strongest performer during the year, supported by robust gains from cement and fertilizer producers.
Ferchem Masr for Fertilizers and Chemicals (FERC) recorded the highest increase across the ranking, with its market value surging following a 746% rise in share price and a 2,180% increase in paid capital, driven by a merger with two companies and its transition from the SME board to the Egyptian Exchange (EGX) main market.
Other notable gainers included Misr Cement (Qena), Sinai Cement, and Misr Beni Suef Cement Company, which posted increases of 554%, 264%, and 222%, respectively.
Nearly half of the companies on the list recorded market value growth exceeding 50%, while 10 firms ended the year in negative territory.
Egyptian Iron & Steel Company saw the steepest decline, with its value falling 35% amid ongoing liquidation proceedings.
Banking and financial services led the ranking in terms of representation, with 14 companies collectively valued at $21.2 billion.
The industrials sector followed, contributing 11 companies with a combined market capitalization of $12.4 billion.
The ranking is based on market capitalization as of January 31st, 2026.
