Investing in Egypt ADRs / Egyptian Stocks List
Although the Egyptian stock market is a shadow of its former self, there are several Egypt ADRs trading on the OTC. The most important Egypt ADR would companies that are part of the Orascom Group, 1) OCI NV and 2) Orascom Construction Industries. (Note: OCI NV announced a Takeover Offer for its former parent company, Orascom Construction Industries SAE in January 2013). The combined entity is a leading natural gas-based fertilizers & chemicals and an engineering & construction contractor based in Amsterdam and Cairo that’s one of the region’s largest corporations (72,000 employees in 35 countries) with projects and investments across Europe, the Middle East, North America and North Africa (OCI NV is listed on the NYSE Euronext in Amsterdam). Investors interested in investing in Egypt ADRs should also check out our Egypt ETF list along with our Middle East/Africa ETF list, Middle East ETF list, Middle East ETF (Region Wide) list, Africa ETF list and Africa ETF (Region Wide) list pages as some region wide ETFs may also have exposure to Egyptian stocks.
Note: If there are any ADRs to add or remove from this list or there are bad links, please write a note in the comments section so it can be fixed. Likewise, adding any other comments or advice would also be appreciated.
List of Egyptian ADRs Trading on Major US Stock Exchanges & the Over-the-Counter (OTC) Exchange
|1||Commercial International Bank||CIBEY||OTCQX||Financial Services|
|2||GB Auto SAE||GBAXY||OTC||Automotive|
|3||Lecico Egypt SAE||LECIY||OTC||Industrials|
|5||Orascom Construction Industries||ORSCY||OTCPink||Industrials|
|6||Remco Tourism Villages Construction SAE||RMTVY||OTC||Real Estate|
The Egyptian Exchange (EGX)
The Egyptian Exchange (EGX) actually comprises of two former exchanges, the Alexandria Stock Exchange (established in 1883) and the Cairo Stock Exchange (established in 1903), which are both governed by the same board of directors and share the same trading, clearing and settlement systems. Both exchanges were very active in the 1940s when the combined Egyptian stock exchange ranked fifth in the world, but they largely went dormant from the 1960s until the 1990s when Egypt adopted socialist central planning policies.
Here are some useful and mostly English news resources for investing in Egyptian ADRs or stocks or about Egypt in general:
- Al-Ahram Weekly
- Cairo Times
- Daily News Egypt
- Egypt Independent
- Egypt Today
- The Middle East News Agency
Note: If you have a good blog or other useful resource for investing in Egypt or about Egyptian stocks in general, please let us know as we would be happy to do a link exchange.