The Egyptian Exchange (EGX) received on Thursday, June 25, 2026, an application to list the shares of the Engineering for the Petroleum and Process Industries (ENPPI) on the main market, as a preparatory move for privatizing a stake of the company. According to a statement from the EGX Listing Department, the application was submitted on June 23, 2026, and is now under review to ensure all required documentation is complete before being presented to the Listing Committee.
ENPPI plans to list issued capital of $357.08 million, divided into 2.857 billion shares, with a par value of $0.125 per share. The move comes as part of the government’s broader privatization program, which includes the temporary listing of 10 petroleum sector companies on the EGX.
The Egyptian Linear Alkyl Benzene Company (ELAB), a petrochemicals producer, applied for temporary listing in mid-June. ENPPI is a major oil and gas engineering company with a long track record in EPC, construction, and project management projects across Egypt and the wider region.