Egypt’s Women on Boards Indicator records 19.7% in 2022 with 3% growth

Egypt’s Women on Boards Indicator records 19.7% in 2022 with 3% growth

Egypt - The 2022 Women on Boards Indicator in Egypt recorded 19.7% up from 16.7% in 2021. The annual report said that sustaining the 3% annual increase pattern in the past three years would enable the analyzed categories to reach the 2030 strategy goal of 30% women on boards by 2026.

“Progress in women on board representation has been achieved across the four categories included in the 2022 report. The non-banking financial sector (NBFS) companies led with 22% female representation in 2022 compared to 18.6% in 2021. The Egyptian Exchange listed companies recorded 17.3% female representation in 2022 compared to 15.2% in 2021. The banking sector reported 16.5% female representation in 2022 compared to 14.2% in 2021. Finally, the public enterprise sector realized an improvement to 9.3% in 2022 compared to 8.1% in 2021,” according to the report.

The AUC report mentioned that the 2022 annual monitoring report covers the gender data and information of almost 1,000 companies and banks, with 236 EGX-listed companies, 34 banks, 676 NBFS companies, and 82 public sector enterprise companies (holding and affiliate companies).

The report said that the number of companies and banks witnessed minor changes between 2021 and 2022, except for the number of holding and