Egypt govt. reviews divestment programme

Egypt’s Prime Minister Moustafa Madbouly chaired a meeting to follow up on the implementation of Egypt’s government IPO programme, part of ongoing efforts to enhance private sector participation in the economy.

The discussions included updates on the cooperation between The Sovereign Fund of Egypt (TSFE) and the Armed Forces’ National Service Projects Organisation (NSPO), which is working with local and international advisory firms to restructure and manage the offering of several military-owned companies.

During the meeting, Madbouly reaffirmed the state’s commitment to advancing measures that enhance private sector involvement in various economic activities and expand its role across multiple sectors. The move aligns with the State Ownership Policy Document, which aims to redefine the government’s role in the economy.

Moreover, the meeting reviewed the current status of the government divestment programme, including the procedures and timelines related to the upcoming offerings of selected state-owned companies. It also addressed the executive steps taken by relevant ministries and government bodies to prepare the targeted firms for listing.

Attribution: Amwal Al Ghad English

Subediting: M. S. Salama