Madbouly Plans Six State Firms for IPO by 2026
Prime Minister Mustafa Madbouly stated that the government is taking steps to reform state-owned companies by preparing a ownership policy document and managing their assets effectively. The focus is on restructuring these companies in preparation for offering them to the market or investors. He explained that some companies suffer from structural and institutional imbalances that have accumulated over the years. The government's plans include offering stakes in more than 25 companies, with the goal of divesting at least six companies before the end of 2026, in order to strengthen private sector participation and attract investments.
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