FinMin announces domestic sukuk launch in FY2025/2026
Ahmed Kouchouk, Minister of Finance, has announced plans to issue domestic sukuk during the first half of the FY2025/2026. The announcement was made during a panel discussion hosted by Al Ahly Pharos Securities Brokerage.
Kouchouk outlined the government’s financial strategy for the current fiscal year, emphasizing efforts to reduce the national debt and extend its maturity as part of a comprehensive financial vision.
He also mentioned ongoing cooperation with the Ministry of Planning to enhance the share and scope of development financing from international partners.
The Minister highlighted positive trends in the national budget, demonstrating Egypt’s potential to attract increased investment flows.
For instance, the third quarter of the previous fiscal year saw a growth rate of 4.7 percent, largely driven by an 80 percent rise in private investments during the first nine months of the same period.
Kouchouk affirmed that focusing on the private sector had proven effective, reflecting positively on the country’s financial and economic performance.
He also noted that key sectors such as industry, tourism, telecommunications, and information technology had experienced significant growth, with exports rising by 30 percent.
Despite a drop in revenues from the Suez Canal and the energy sector, Egypt managed to achieve its highest-ever primary surplus of 3.6 percent of GDP in the previous fiscal year.
Additionally, tax revenues increased by over 35 percent without the need for new taxes or burdens, and the Minister confirmed that the government will soon introduce a second package of tax incentives to further strengthen partnerships with the business community.
Kouchouk concluded by stating that Egypt remains committed to maintaining balanced fiscal policies to support economic growth while ensuring financial stability and discipline.
The government will continue to implement reforms and develop innovative financial tools to promote savings, investment, and economic expansion.