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2026-11-07T09:21:16.000Z

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Pharma Stake Held at 51%

Pharma Stake Held at 51%

Hashem El-Sayed, an assistant to the prime minister, said the government aims to list around 15 to 16 companies on the stock exchange by the end of 2027, with the stake offered in each company to be determined individually. He stressed that the pharmaceuticals sector is strategic and that the state’s stake in it will not fall below 51%, adding that the government is working to restructure pharmaceutical companies, increase their capital and expand their operations.

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