Dr. Mostafa Madbouly, Prime Minister, chaired a meeting this evening to follow up on the implementation status of the government's offerings program, in the presence of Hassan Abdullah, Governor of the Central Bank, Dr. Rania Al-Mashat, Minister of Planning, Economic Development and International Cooperation, Mahmoud Esmat, Minister of Electricity and Renewable Energy, Mohamed Shimi, Minister of the Public Business Sector, Hassan Al-Khatib, Minister of Investment and Foreign Trade, Karim Badawi, Minister of Petroleum and Mineral Resources, Yasser Sobhi, Deputy Minister of Finance for Fiscal Policies, Rami Abu Al-Naga, Deputy Governor of the Central Bank, and officials from the relevant ministries and the Central Bank of Egypt.
At the start of the meeting, the Prime Minister noted that today's meeting falls within the framework of regular meetings to follow up on developments in the implementation of the government's offering program. He emphasized the continuation of taking the necessary steps and measures that will contribute to strengthening the role of the private sector in various economic activities and increasing its participation in many sectors, in implementation of the provisions of the State Ownership Policy Document.
Mohammed Al-Hamasani, the official spokesperson for the Prime Minister's Office, stated that the meeting addressed the implementation status of the government's IPO program, in addition to reviewing all ongoing procedures and reviewing the various timings for the IPOs of a number of targeted companies during the next phase.
He pointed out that the meeting reviewed the procedures and executive steps taken by the relevant ministries and authorities to offer the targeted companies, in addition to the efforts made to prepare for the offering of these companies in various sectors.
The meeting also followed up on the latest developments in the executive position regarding the procedures and steps for cooperation between the Egyptian Sovereign Fund for Investment and Development, the Armed Forces National Service Projects Organization, and a group of specialized local and international consulting firms to restructure and manage the offering of a number of companies owned by the Armed Forces.
