PM: Companies Featured on EGX List Will be Announced Shortly

by nevine

Prime Minister Moustafa Madbouli confirmed that he will announce the names of all companies which the State plans to list on the Egyptian Exchange (EGX) of 2023 in less than two weeks.

As part of activating the State Ownership Policy Document and increasing the private sector’s participation in economic activities, discussions occurred over the past period to boost the EGX by expanding ownership for all the state-run institutions.

During a press conference held Saturday, Jan. 28, on the sidelines of his inspection tour of Capital Gardens City, Madbouli said that the State pays due attention to the private sector.

The situation is way better than before, he affirmed, adding that the production sector has begun to return to full capacity. He noted that this will contribute to stabilizing the prices of all products within the upcoming period.

Madbouli indicated that the State is taking action in light of directives issued by President Abdel Fattah El Sisi to overcome the current global economic crisis, he added.

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