During the meeting, Hashem El-Sayed, Assistant to the Prime Minister and CEO of the State-Owned Enterprises Unit, stated that preparations are underway for 60 companies, of which 40 are set to be transferred to the Sovereign Fund of Egypt, while 20 companies will be listed on the Egyptian Exchange.
Prime Minister, Mostafa Madbouly, held a meeting at the Cabinet headquarters in the New Administrative Capital with Hussein Eissa, Deputy Prime Minister for Economic Affairs, to discuss a number of key economic files for the upcoming phase.
During the meeting, Hashem El-Sayed, Assistant to the Prime Minister and CEO of the State-Owned Enterprises Unit, stated that preparations are underway for 60 companies, of which 40 are set to be transferred to the Sovereign Fund of Egypt, while 20 companies will be listed on the Egyptian Exchange.
The Prime Minister extended his sincere congratulations to Eissa on his new appointment, stressing that one of the most critical priorities during this stage is the restructuring of economic authorities and state-owned companies, a file currently overseen by the State-Owned Enterprises Unit.
Madbouly directed that all necessary procedures related to the state-owned companies file be accelerated, noting that Eissa brings extensive experience to this important portfolio.
He added that, alongside the restructuring of economic authorities, this file will fall under Eissa’s direct responsibility during the current phase.
The meeting also addressed the implications of the cancellation of the Ministry of Public Business Sector, in accordance with the decision of His Excellency the President of the Republic, and discussed the mechanisms for managing the companies that previously operated under the ministry’s supervision.
