Farid added that preparations are also underway for the listing of six profitable companies across various sectors.
Egypt’s Minister of Investment and Foreign Trade Mohamed Farid Saleh announced the start of executive steps to offer stakes in Banque du Caire and Misr Life Insurance on the market during May and June, according to a statement.
Farid added that preparations are also underway for the listing of six profitable companies across various sectors, alongside a proposal to merge petroleum assets under a single entity to create a “high-liquidity” offering capable of attracting major international investment funds.
The remarks came during a roundtable organized by HSBC, attended by the finance minister and representatives of leading industrial and investment institutions in the United States.
Farid said the ministry is implementing an ambitious plan to fully digitalize the investment ecosystem, enabling companies to finalize contract amendments and capital increases within one month. He added that a regulatory sandbox for foreign trade is also set to be launched soon.
In a separate meeting, the minister held talks with Alexandre Tombini of the Bank for International Settlements to explore cooperation in financial supervision, digital transformation, and capacity building in the non-banking financial sector.
Farid reviewed recent economic policies and reforms, including proactive measures to stabilize the market such as energy price adjustments and increased exchange rate flexibility, which he said helped restore foreign investment flows into debt instruments.
He noted the growing role of the non-banking financial sector, which now accounts for around 50 percent of new financing flows supporting private sector expansion. Microfinance has also reached approximately 3.9 million beneficiaries, contributing to financial inclusion and addressing financing gaps.
The minister also highlighted progress in digital transformation, particularly through the rollout of digital identity systems and electronic Know Your Customer (e-KYC) services to facilitate company establishment and account opening, especially for young entrepreneurs.
