The objective of this research is to examine the impact of political connections on managerial ability and financial constraints and the impact of the managerial ability on financial constraints. Moreover the indirect effect of political connections on financial constraints by mediating managerial ability of firms listed on the Egyptian Stock Exchange. For the four-year study period from 2020 to 2023, a sample of 59 companies registered on the Egyptian Stock Exchange EGX was employed. The study hypotheses are tested using multiple regression models, the Ordinary Least Squares OLS regression analysis. The findings showed that, first, the political connections positively and significantly affect the managerial ability for firms listed on the Egyptian Stock Exchange. Second, the managerial ability has a negative and significant impact on financial constraints. Third, the political connections have negatively and significantly direct effect on financial constraints. Fourth, there is a negative and significant indirect effect of political connections on financial constraints when the managerial ability mediates the relationship. The scientific addition to the research appears in the attempt to contribute to the cognitive construction of one of the topics that has received great attention in the global business environment, Which is the issue of the impact of political connections on the managerial ability and financial constraints with the aim of enhancing that management with good political connections obtains appropriate environment to maintain firm´s value stability. This research is also a continuation of research related to financial markets and improving the financial performance of firms, and thus all firms in emerging financial markets can benefit from its results helping management to have strategic resources and funds when needed at any time.