The Egyptian government has confirmed plans to list four Armed Forces-affiliated companies on the Egyptian Exchange during a Wednesday meeting chaired by Prime Minister Mostafa Madbouly.
The meeting took place at government headquarters in the New Administrative Capital. It was attended by Deputy Prime Minister for Economic Affairs Hussein Issa, Minister of Investment and Foreign Trade Mohamed Farid, and other senior officials.
The companies include National Company for the Sale and Distribution of Petroleum Products (Wataniya), Silo Foods, ChillOut, and the National Company for Road Construction, Development and Management. Cabinet spokesperson Mohamed El-Hommosany said the session reviewed updates to the State Ownership Policy to strengthen the private sector’s role in sustainable growth.
Prime Minister Mostafa Madbouly directed continuous monitoring of the offering procedures to ensure compliance with presidential directives. The programme seeks to maximise the value of state assets and improve the investment climate.