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Planning Minister reviews NIB asset use
The efforts of the Minister of Planning have been focused on leveraging the assets of the National Investment Bank, whose ownership was transferred to it after historic financial settlements, with the aim of strengthening the bank's financial position. The meeting agreed to study partnership mechanisms with the private sector to invest these assets and achieve returns that enhance liquidity and support economic development. Additionally, the results indicate that the bank has signed settlement agreements with multiple entities totaling approximately 400 billion Egyptian pounds, transferring ownership of several assets to the bank as part of the restructuring plan which has helped overcome financial obstacles and boosted its capacity to support development efforts.
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