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Economic expert Ali Al-Idrisi confirmed that the success of the State Asset Management Company depends on having a clear and transparent governance framework that ensures the maximization of the economic value of assets without compromising ownership rights. He emphasized the importance of transparency and continuous oversight to bolster citizens' trust. He pointed out the significance of asset valuation and regular disclosure of their results, noting that ongoing parliamentary oversight helps protect public funds. Al-Idrisi also highlighted that replacing debt instruments with equity stakes could help reduce financial liabilities if the assets generate stable returns. Additionally, he explained that unused government assets could be utilized to generate cash flows to support debt reduction efforts. However, he stressed that success requires comprehensive reforms, including efficient asset management and improving the investment climate. He clarified that while the asset management company is an important tool, it is not a substitute for other structural reforms.
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