The Egyptian government is moving forward with its programme to list several state-owned companies on the Egyptian Exchange (EGX), following a high-level meeting chaired by Prime Minister Dr Mustafa Madbouly. The plan, which includes companies affiliated with the Armed Forces, is part of a broader strategy to increase private-sector participation in the economy and improve the governance of state assets.
Quick Facts
- State-owned firms slated for EGX listing.
- Goal is to boost private sector role.
- Includes companies tied to the Armed Forces.
Expanding Private Sector Participation
The government’s state offerings programme aims to maximize the economic value of its assets while improving the overall business environment. During the meeting, officials reaffirmed their commitment to the initiative as a way to generate sustainable returns and support long-term economic growth.
Updates to the State Ownership Policy document were also discussed, according to Counsellor Mohamed El-Homsany, the official spokesman for the Prime Minister’s Office. The revisions are designed to solidify the private sector’s position as a key partner in driving sustainable growth, creating jobs, and boosting the competitiveness of the Egyptian economy.
Military-Affiliated Companies Slated for Listing
A significant part of the discussion centered on the government’s commitment to list several companies affiliated with the Armed Forces. The companies identified include:
- The National Company for Petroleum Products Marketing and Distribution (Wataniya)
- Silo Foods Industries – NSPO
- ChillOut
- The National Company for Road Construction, Development and Management
Strengthening Governance Frameworks
The government is also establishing a comprehensive national programme to inventory, classify, and govern its companies through the State-Owned Enterprise Unit. This initiative is intended to improve the management mechanisms for state-owned assets and increase their operational efficiency.
The Sovereign Fund of Egypt (TSFE) is also playing a key part, with the Minister of Investment and Foreign Trade reviewing measures taken by the fund for companies recently transferred under its affiliation. This move is part of the state’s effort to maximize the value of these assets and attract new investment. Prime Minister Madbouly has directed officials to maintain continuous follow-up to ensure the listings are implemented according to presidential directives.
About Egypt’s State Offerings Programme
Egypt’s State Offerings Programme is a government initiative aimed at listing state-owned enterprises on the Egyptian Exchange (EGX). The core objectives are to expand private-sector participation in the national economy, improve the governance and efficiency of state-owned assets, and support the country’s long-term economic growth.
Source: Waya
