TOP 50 LISTED COMPANIES IN EGYPT 2022

TOP COMPANIES IN EGYPT

1. Commercial International Bank (CIB)

CEO and Managing Director: Hussein Abaza Sector: Banking and financial services Market Value: $4.5 billion Sales: $2.7 billion Profits: $713 million Assets: $26.8 billion

CIB was established in 1975 as a joint venture between the National Bank of Egypt and the Chase Manhattan Bank. Today, it employs 7,307 people and serves more than 1.6 million customers across 213 branches. CIB has several subsidiaries under its umbrella, including CVentures and the Mayfair CIB Bank in Kenya. In April 2022, Alpha Oryx Limited—a subsidiary of the U.A.E’s ADQ—acquired an 18.6% stake in CIB for $987.5 million. Hussein Abaza became CEO in 2017.

2. QNB ALAHLI

CEO: Mohamed Mahmoud Bedeir • Sector: Banking and financial services Market Value: $2 billion Sales: $1.9 billion Profits: $410 million Assets: $19.3 billion

In 2013, Qatari QNB Group acquired the majority stake of Egypt’s NSGB Bank and changed its name to QNB ALAHLI. It provides services for more than 1.3 million clients and employs over 6,991 people across a network of 231 branches. In March 2022, the bank launched an instant payment service in collaboration with Instapay allowing its clients to transfer money between their accounts and other accounts in participating banks.

3. Telecom Egypt

CEO and Managing Director: Adel Hamed • Sector: Telecommunications Market Value: $1.5 billion Sales: $2 billion Profits: $453 million Assets: $4.9 billion