Forbes Lists 12 Egyptian Banks Among the Top 50 Public Enterprises for 2025

Forbes Middle East has unveiled its annual list of the Top 50 Publicly Listed Companies in Egypt for 2025, featuring 12 banks that reflect the strength and resilience of Egypt’s banking sector. The list includes major players such as Commercial International Bank (CIB), QNB Al Ahli, Suez Canal Bank, Housing and Development Bank, SAIB Bank, Abu Dhabi Islamic Bank Egypt, EG Bank, Faisal Islamic Bank, as well as Al Baraka Bank, The United Bank, and Crédit Agricole Egypt.

CIB Tops the List

Commercial International Bank (CIB) led the rankings with a market capitalization of $4.7 billion and total assets of $23.8 billion. QNB Al Ahli ranked third with a market value of $1.2 billion, while Talaat Moustafa Group came fourth with assets worth $7 billion. YayImages recorded $4.5 billion in sales and a market capitalization of approximately $3.5 billion.

Banking Sector Dominates

The banking and financial services sector dominated the list with 17 companies, generating $13.5 billion in sales and holding total assets of around $78.4 billion. It was followed by the industrial sector and the real estate & construction sector, each contributing 7 companies to the list.

New Entrants in 2025

Three new companies joined the list this year: The United Bank, Beltone Financial Holding, and Maridive & Oil Services. Additionally, The Egyptian Financial & Industrial Company (EFIC) re-entered the rankings, driven by a 148% surge in net profit and a 59% rise in sales during FY 2024.

Strategic Partnerships Drive Growth

Strategic collaborations played a vital role in strengthening corporate performance. In November 2024, Telecom Egypt partnered with Mobily (Etihad Etisalat) to land the first Saudi submarine cable linking Saudi Arabia and Egypt—boosting digital infrastructure between the two nations.

In the renewable energy sector, Oriental Weavers signed a September 2024 agreement with Airsq to install a 2.5 MW solar power plant at its largest manufacturing site in 10th of Ramadan City, with an investment of $1.5 million. In April 2025, Fawry announced a strategic partnership with Microsoft to support the digital transformation of SMEs in Egypt by integrating Microsoft 365 into its Fawry Business services.

Strong Financial Growth in 2024

The combined market capitalization of the top 50 companies reached $35.1 billion as of April 2025, up 19.6% from the previous year. Total sales surged by 34.5% to $35.6 billion, while net profits rose 45% to $6.5 billion. Total assets also increased by 33%, reaching $118.8 billion by the end of December 2024—equivalent to over 34% of Egypt’s GDP.

Ranking Methodology

Forbes compiled the rankings based on audited financial statements disclosed on the Egyptian Exchange, using four equally weighted criteria: sales, net profits, assets, and market value (as of April 25, 2025). Companies that failed to disclose their audited 2024 financials by that date were excluded. Exchange rates used were those applicable on April 25, 2025.