Hassan Allam Holding is studying public listings for selected real estate and infrastructure subsidiaries on Gulf stock exchanges, the Egyptian Exchange, or both, as the construction giant deepens its expansion across Saudi Arabia and the wider Gulf. The family-owned parent company will remain privately held.
Chairman and Chief Executive Hassan Allam disclosed the plan on the sidelines of the BMG Economic Forum at the London Stock Exchange, saying the group was evaluating listings for specific businesses rather than the holding company itself.
He did not indicate which exchange would be chosen or when any listing could take place.
The strategy reflects how the company’s centre of gravity is shifting beyond Egypt.
Hassan Allam is currently executing projects worth about $10.5 billion, with roughly half of that portfolio outside Egypt. Saudi Arabia has become its biggest overseas market, accounting for more than $2 billion in active contracts, ahead of the United Arab Emirates, Libya and Oman.
