Prime Minister Mostafa Madbouly reviewed on Wednesday the government’s state offerings program, including plans to list four military-affiliated companies on the Egyptian Exchange, according to a Cabinet statement.

Cabinet spokesperson Mohamed El-Homsani said the meeting reaffirmed the government’s commitment to offering stakes in Wataniya Petroleum, Silo Foods, ChillOut, and the National Company for Roads Building and Development.

The meeting was attended by Deputy Prime Minister for Economic Affairs Hussein Issa, Minister of Investment and Foreign Trade Mohamed Farid, Director General of the National Service Projects Organization Major General Magdy Anwar, Deputy Head of the Armed Forces Financial Affairs Authority Major General Ayman Matar, Assistant to the Prime Minister and CEO of the State-Owned Enterprises Unit Hashem El-Sayed, Acting Executive Director of Egypt’s Sovereign Fund Noha Khalil, along with a number of officials from relevant entities.

El-Homsani said the government offerings program aims to maximize the economic value of state-owned assets and ensure sustainable returns from stake sales, supporting the national economy.

The meeting also discussed updates to the State Ownership Policy Document, with officials stressing that the new amendments seek to further enhance the private sector’s role as a key partner in achieving sustainable economic growth, creating jobs, improving competitiveness, and strengthening Egypt’s business environment.

According to El-Homsani, the State Ownership Policy Document and the IPO program have become central tools in restructuring the state’s role in economic activity by enhancing efficiency and flexibility while expanding private sector participation across different sectors.

Officials also reviewed efforts by the Cabinet’s State-Owned Enterprises Unit to prepare an integrated national program for the inventory, classification, and governance of state-owned companies to improve the management and efficiency of public assets.

The proposed framework relies on modern governance models and enhanced transparency standards aimed at strengthening investor confidence, encouraging investment, and maximizing returns from state assets.

During the meeting, the minister of investment and foreign trade reviewed measures being taken by Egypt’s Sovereign Fund regarding companies transferred under its umbrella as part of efforts to maximize asset value and attract additional investments.

Madbouly directed officials to maintain close follow-up on the IPO procedures to ensure implementation in line with presidential directives.