Commercial International Bank Tops Forbes List of Egypt’s 50 Largest Companies by Market Value for 2026
Commercial International Bank (CIB) has topped Forbes magazine’s list of the 50 largest publicly listed companies in Egypt by market capitalization for 2026, recording a market value of $9.6 billion. This achievement comes under the leadership of prominent Egyptian banker Hisham Ezz Al-Arab, who has maintained the bank’s position as the highest-valued listed company in Egypt.
CIB’s Operations and Regional Presence
Forbes highlighted that CIB operates in Egypt, Kenya, Ethiopia, and the United Arab Emirates, serving over two million clients through a network of 214 branches. The bank also provided long-term financing of $638.8 million to the Suez Canal Economic Zone Authority to support infrastructure and utility projects across Egypt.
In July 2025, CIB signed a medium-term financing deal worth $20.5 million with OSL Entertainment Projects, a subsidiary of Orascom Investment Holding, to develop sound and light shows at the Giza Pyramids. By the end of 2025, the bank’s total assets reached $30.7 billion, while net profits surged 49% year-on-year to $1.7 billion.
Egyptian Stock Exchange Performance and Market Capitalization of Major Companies
The Egyptian Exchange (EGX) witnessed exceptional performance in 2025, with the market capitalization of listed companies rising by more than 40% to reach $67.3 billion by the end of January 2026, compared to the same period in 2025.
Forbes noted: “The top 50 companies drove most of this momentum, with a combined market value of $55.8 billion, representing 83% of the total market. Over the past 12 months, the aggregated market value of these companies increased by more than 48%, fueled by strong investor demand for Egyptian stocks.”
Industrial Sector Leads Stock Gains
The industrial sector led this stock market rally, primarily supported by cement and fertilizer companies. Fertchem Egypt for Fertilizers and Chemicals was the biggest gainer, registering an exceptional jump in market value, with its stock rising 746% and its paid-up capital increasing by 2,180% following a merger with two companies and its transfer from the small and medium-sized enterprises market to the main market of the EGX.
It was followed by Misr Cement Group, Sina Cement, and Beni Suef Cement Company, with their shares rising 554%, 264%, and 222%, respectively. Approximately half of the companies listed in the top 50 experienced market value growth exceeding 50% over the year, while only 10 companies recorded declines, notably Egyptian Iron and Steel Company, which dropped 35% amid ongoing liquidation procedures.
Company Rankings and Sector Representation
CIB retained its position as the highest-valued listed company in Egypt, followed by Talaat Moustafa Group Holding and El Sewedy Electric.
The banking and financial services sector was the most represented in the top 50 list, with 14 companies and a total market value of $21.2 billion, surpassing the industrial sector, which ranked second with 11 companies and a total market value of $12.4 billion.
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