The Clap
Despite the current economic crisis, EGX-listed companies saw an improved performance, according to Forbes Middle East.
The deets
Forbes ranked the top 50 EGX-listed companies in terms of market value, sales, assets, and profits.
The combined value of assets equaled $142 billion, and total market cap reached $28.5 billion. These companies collectively achieved $39.1 billion in revenues, while profits amounted to $5.4 billion.
The financial services and banking sector dominated the list with a total of 16 companies, followed by the real estate sector with eight companies, and the industrials sector with seven.
The first 3 positions were dominated by CIB, Qatar National Bank, & Telecom Egypt. Talaat Moustafa Group was the largest real estate company on the list.
Why this matters
2021 witnessed an increase in the revenues of the top 10 companies by 31% year-on-year, to reach $22.8 billion. Profits increased by 59% YoY, recording $3 billion.
For the full list of companies, click here.
