Egypt’s Prime Minister Mostafa Madbouly holds a meeting with Minister of Planning and Economic Development Hala al-Saeed, Minister of Finance, Mohamed Maait, and President of the Financial Supervisory Authority, Mohamed Farid.
Prime Minister Mostafa Madbouly held a meeting on Monday to review the assets of the two companies, the available options in light of the future objectives of the companies activities and the offers submitted by investors.
The two companies will be offered to the private sector before being listed on the stock exchange.
The meeting was attended by Minister of Planning and Economic Development Hala El-Said, Minister of Finance, Mohamed Maait, and President of the Financial Supervisory Authority Mohamed Farid.
The two companies are owned by the National Service Products Organisation (NSPO), which is subordinate to the Egyptian Armed Forces.
The prime minister stressed that the government is working to offer shares of companies affiliated with the NSPO on the stock exchange, in line with directives issued by President Abdel-Fattah El-Sisi in this regard.
Established in 1979, the NSPO is responsible for meeting the production needs of the military and local market in various crucial developmental sectors.
Its portfolio includes companies in the sectors of agriculture & food industry field, industrial field, engineering field, services field, and mining.