On 5 June, Forbes Middle East revealed a list of its 50 top Egyptian companies in 2022 thus far. Despite ongoing economic strains, these 50 companies have significantly out-performed themselves over the past year, data demonstrates. The ranking highlights key players across all sectors, using data from the Egyptian Exchange, market value, sales, assets, and profits. “The aggregate market value of the top 50 listed companies in Egypt stands at [EGP 531.9 billion] USD 28.5 billion, while the value of assets exceeds [EGP 2.6 trillion] USD 142 billion. The companies generated [EGP 727.8 billion] USD 39.1 billion in aggregate revenues and [EGP 100.7 billion] USD 5.4 billion in net income,” the article reads. Banking and financial service companies dominate the list, with 16 companies in total featured. Real estate and industrials – which includes the likes of agriculture, textiles, and engineering companies – follow behind with eight and seven companies respectively. The Commercial International Bank, Egypt’s largest private bank, tops the list with total assets of EGP 499.3 billion (USD 26.8 billion) in 2021. Qatar National Bank Al Ahli ranks second with EGP 359.5 billion (USD 19.3 billion). Telecom Egypt,…
