EGX to list energy company in two weeks: Chairman

El-Dokany added in an interview with CNBC Arabia that trading on the company's shares could start in two months.

The EGX's chairman revealed that the market is in negotiations with other private companies for listing.

Egypt's privatization programme

Egypt is implementing a broad privatization programme to offer 32 state-owned companies operating in 18 sectors to strategic investors within a year under an economic reform program with the International Monetary Fund (IMF).

Recently, shares of companies that were already listed on the market were sold to unnamed investors.

Telecom Egypt witnessed the sale of a 10 percent share, while a 7.8 percent stake was sold in the Housing and Development Bank.

Earlier in May, Mohamed Metwally, CEO of NI Capital, the Egyptian government financial adviser announced that Egypt is preparing two state-owned companies to be offered as investments before the end of the current fiscal year.

Egypt is currently engaged in an Extended Fund Facility (EFF) programme with the IMF that sets the stage for Egypt to receive $3 billion over four years.

The programme's first review is pushed to June as the country ramps up its efforts to fulfil its commitments under the deal.