Forbes Middle East unveils Egypt’s top 50 listed companies

Forbes Middle East unveils Egypt’s top 50 listed companies

- Forbes Middle East Reveals the Region’s Top 100 Listed Companies

- Meet The Middle East’s 100 Biggest Public Firms

- The market value of Egypt’s 50 biggest listed companies stands at $30.4 billion, up 6.7%.

- Banking and financial services firms dominate the list with 16 entries.

- Commercial International Bank (CIB) tops the ranking with a market value of $5.2 billion.

- The total market value of the region’s biggest 100 listed companies stands at $3.8 trillion.

- Saudi Arabia has 33 companies on the list, followed by the U.A.E. with 28 and Qatar with 16.

Dubai: Forbes Middle East has revealed its annual ranking of Egypt’s Top 50 Listed Companies for 2023, highlighting the Country’s biggest public companies. To develop the ranking, Forbes Middle East gathered data from the Egyptian Exchange and ranked companies based on their reported sales, assets, and profits for 2022 and market value as of April 30, 2023. Companies that hadn’t disclosed their 2022 full-year audited financial statements as of April 25, 2023, were excluded. Currency exchange rates were taken as of April 30, 2023.

Commercial International Bank (CIB)—Egypt’s largest listed bank—tops the ranking for the second consecutive year, with a market value of $5.2 billion and total assets of $20.6