Forbes Middle East recently announced that the Commercial International Bank (CIB) — Egypt’s leading private sector bank — topped Forbes’ ‘Top Listed Companies in Egypt’ for 2022, which includes the most valuable and profitable players in the country. The aggregate market value of the top 50 stands at $28.5bn, while the value of assets exceeds $142bn. By the end of December 2021, the assets of CIB reached around EGP 498.2bn ($26.8bn) — an increase of 16.45% over 2020. “CIB is thrilled to top Forbes’ ‘Top Listed Companies in Egypt’ for 2022,” said Hussein Abaza — CEO and Board Member at CIB. Forbes’ list was compiled using data from the Egyptian Exchange, ranking firms based on market value, sales, assets, and profits in FY2021.

Source: Forbes June 12, 2022 04:45 UTC