19 Hrs
Source:
بوابة الفجر
Source: بوابة الفجر
19 Hrsبوابة الفجر
Source: بوابة الفجر
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Hisham El-Sayed, Assistant to the Prime Minister and head of the State-Owned Companies Unit, said the government’s offerings program aims to improve governance and transparency and maximize asset value—not to sell assets. He explained that offering a stake of up to 10% does not mean relinquishing control of a company, and that a stock exchange listing could increase some companies’ market value five- or sixfold. The government plans to offer Misr Insurance first, followed by the state’s stake in Egypt Aluminum, with other companies to follow once fair-value studies have been prepared. He noted that companies linked to national security and strategic sectors are excluded from divestment, though private-sector participation may be possible while the state retains a majority stake.
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