Egypt’s economic resilience was on full display in 2025, as the nation’s top 50 publicly listed companies posted remarkable financial performance, signaling renewed investor confidence and operational strength across multiple sectors. According to Forbes Middle East’s 2025 rankings, these corporate titans have collectively achieved significant milestones, underscoring their pivotal role in the nation’s economic landscape.
Leading the charge were key institutions such as Commercial International Bank (CIB), Telecom Egypt, TAQA Arabia, Beltone Holding, Housing & Development Bank, Suez Canal Bank, and Kuwait Finance House (KFH), which emerged as standout performers in an increasingly competitive landscape.
According to newly released rankings, the combined total assets of the top 50 companies soared by 33% year-on-year, reaching an impressive $118.8 billion as of December 2024 — a figure representing over 34% of Egypt’s GDP. The upsurge underscores a dynamic year for Egyptian corporates, supported by strong monetary policy, infrastructure development, and a rebound in investor appetite.
Financial Prowess in Numbers
- Total sales among the top 50 jumped 34.5% to $35.6 billion.
- Net profits surged nearly 45% to $6.5 billion, showcasing improved cost-efficiency and bottom-line focus.
- Combined market capitalization rose 19.6%, climbing from $29.4 billion in April 2024 to $35.1 billion in April 2025.
Dominance of Financial Institutions
At the top of the list, Commercial International Bank (CIB) reaffirmed its market leadership with a $4.7 billion market value and $23.8 billion in total assets — the highest among all ranked firms. CIB’s prudent lending, digital banking innovation, and robust risk management framework have earned it consistent investor confidence.
The sectoral breakdown tells a story of financial dominance: banks and financial services firms comprised 17 of the top 50 and collectively reported $13.5 billion in sales and $78.4 billion in assets. Among these, Housing & Development Bank (HDB) and Suez Canal Bank stood out for their aggressive retail expansion and asset growth, while KFH Egypt continued leveraging its Islamic finance expertise to gain market share.
Telecommunications, Energy & Industry Gain Ground
Telecom Egypt, a perennial heavyweight, reinforced its strategic role in Egypt’s digital transformation. As the country’s largest fixed-line provider and a key stakeholder in regional submarine cable infrastructure, its performance was buoyed by rising data consumption and regional connectivity projects.
TAQA Arabia, a rising star in the energy sector, marked its footprint with strategic investments in renewable and gas infrastructure. Its inclusion in this year’s top 50 reflects the growing importance of integrated energy services in Egypt’s development agenda.
Investment Services & Market Liquidity Boosters
Beltone Holding, now strategically repositioned under new leadership, returned to the forefront of Egypt’s investment banking scene, playing a critical role in equity issuance and capital markets expansion. Its resurgence reflects the appetite for financial innovation and capital raising solutions in a maturing market.
Real Estate, Construction & Diversification
The real estate and industrial sectors remained strong, with seven entries each, powered by companies like Orascom Construction, Palm Hills Developments, and Madinet Masr. The intersection of infrastructure demand and demographic growth continues to present attractive opportunities for both domestic and foreign investors.
Methodology
The rankings are based on data sourced from the Egyptian Exchange. Companies were evaluated using equal weightings of four metrics: sales, assets, profits, and market capitalization, with figures based on FY 2024 data and April 2025 market valuations.
