In this article, we discuss 5 of the biggest Egyptian companies. If you want to see more of the biggest Egyptian companies, go directly to 15 Biggest Egyptian Companies.
5. Abou Kir Fertilizers
Index Weight: 5.25%
Abou Kir Fertilizers, also known as Abu Qir Fertilizers & Chemical Industries Co, manufactures and sells nitrogenous fertilizers. For the fiscal year ended June 30, 2021, Abou Kir Fertilizers’ sales rose 9.36% and the company’s net income rose 11.63%. In terms of index weight, Abou Kir Fertilizers accounts for 5.25% of the Egyptian Exchange EGX 30 Price Index, which ranks it #5 on our list of 15 Biggest Egyptian Companies.
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4. Egyptian Kuwaiti Holding
Index Weight: 5.38%
Egyptian Kuwaiti Holding is an investment holding company that operates businesses such as oil and gas production, fertilizer and chemical production, and also insurance. In terms of the last year, Egyptian Kuwaiti Holding stock is down 11.8% given all the headwinds the Egyptian economy has faced. As a component, Egyptian Kuwaiti Holding makes up almost 5.4% of the Egyptian Exchange EGX 30 Price Index.
3. Eastern Company
Index Weight: 5.66%
Eastern Company otherwise known as Eastern Company SAE, is an Egypt based company that engages in the manufacture of tobacco products such as cigarettes, and cigars. Eastern Company also participates in the financial commercial, industrial, real estate, services, and agricultural sectors. In terms of its weight, Eastern Company comprises 5.66% of the Egyptian Exchange EGX 30 Price Index.
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2. E-finance For Digital and Financial Investments
Index Weight: 7.41%
E-finance For Digital and Financial Investments provides digital payments solutions that help power the government of Egypt’s financial network. E-finance For Digital and Financial Investments offers among other things, smart cards, e-commerce space, business process outsourcing services, HR and IT outsourcing and more. Shares of E-finance For Digital and Financial Investments are up 6.22% in the last year.
1. Commercial International Bank (Egypt)
Index Weight: 26.8%
With an index weight of 26.8%, Commercial International Bank (Egypt) ranks #1 on our list of 15 Biggest Egyptian Companies.
Commercial International Bank (Egypt) is a commercial bank that has over 200 branches. The company offers corporate banking, investment banking, treasury and capital market services, retail banking and more. In terms of the last year, shares of Commercial International Bank (Egypt) have fallen 14.7% given the headwinds Egypt’s economy has faced. In the long term, however, Commercial International Bank (Egypt) has performed well and the stock of Commercial International Bank (Egypt) has more than doubled from 2013.
Photo by Ferran Fusalba Roselló on Unsplash
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