Dr. Mostafa Madbouly, Prime Minister, held a meeting today, to follow up on the steps to implement the plan for government proposals, in the presence of Hassan Abdullah, Governor of the Central Bank, Dr. Hala Al-Saeed, Minister of Planning and Economic Development, Dr. Muhammad Maait, Minister of Finance, Ahmed Kajouk, Deputy Minister of Finance. For financial policies, Zakia Ibrahim, Assistant Deputy Governor of the Central Bank, Counselor Mohamed Aba Zaid, Legal Adviser to the Minister of Planning, Sherine El Sharkawy, First Assistant Minister of Finance for Economic Affairs, and Ayman Suleiman, Executive Director of the Sovereign Fund of Egypt.
The Prime Minister affirmed that this meeting comes out of keenness to follow up the progress steps in the file of government proposals, following announcing the state’s plan in this regard, pointing out that the move in this framework comes in light of the outputs of the state ownership policy document and in line with the structural reforms that are being taken. .
Madbouly added that the government continues to follow up the published opinions and reactions, whether at home or abroad, since announcing in a press conference the offering of 32 companies as a public offering on the stock exchange, or for a strategic investor, and aims to proceed with the implementation of what was announced in this plan, and from Then there will be periodic meetings to follow up on that.
Ambassador Nader Saad, the official spokesperson for the Presidency of the Council of Ministers, stated that during the meeting it was noted that the announcement of the offering of the 32 companies was followed by positive reactions, represented by requests from a number of international institutions and companies, in pursuit of more details, or to announce interest and desire to Investing in the Egyptian market and benefiting from promising opportunities.
The official spokesman added that the meeting touched on following up on the position of issuing shares in a number of state-owned companies, in several sectors, where they reviewed the preparatory measures taken for offering on the stock exchange, as well as the entry mechanism for strategic investors, and the percentages that will be subject to public offering in those companies, as well as Procedures for promoting theses.
