Cairo, June 18, 2025

With a market value of $4.7 billion and assets of $23.8 billion, Egypt’s leading private sector bank, Commercial International Bank (CIB), topped Forbes’ list of the 50 most powerful companies for four years.

The banking and financial services sector topped the list, with 17 companies out of the 50 listed achieving sales of $13.5 billion and total assets of approximately $78.4 billion. The results reflect the strong performance of these companies over the past year, with their combined market value increasing to $35.1 billion in April 2025, compared to $29.4 billion the previous year, a growth of 19.6%.

Furthermore, corporate sales increased by 34.5%, reaching $35.6 billion, while net profits rose by 45% to $6.5 billion. By the end of December 2024, the total assets of these companies had increased by 33% to $118.8 billion, representing over 34% of Egypt's GDP. The Forbes Middle East research team ranked companies based on four criteria: sales, net profits, total assets for the fiscal year 2024, and market capitalization, based on the market closing date of April 25, 2025.

Forbes excluded companies that did not disclose their audited 2024 financial statements by April 25, 2025. The foreign exchange rates were based on their levels on the same date.