Egyptian PM reveals goal of listing state-owned companies on the stock exchange

Egyptian Prime Minister Mostafa Madbouli stressed that the idea of ​​leaving the state does not mean a sale, as it was decided that if the state resorts to this issue, then the listing of companies on the stock exchange will be a priority.

At the closing session of the economic conference, in the presence of Egyptian President Abdel Fattah El-Sisi, he explained that the government was seeking to adopt a partnership approach with the private sector, pointing to the reduction of all costs of doing business for the private sector. and providing all means of support to the private sector.

The Prime Minister reaffirmed the government’s commitment to competitive neutrality, adding: “This is reflected in the amendments to the legislative and regulatory framework aimed at strengthening the role of the competition authority.”

He indicated that he was putting companies on the stock exchange in order to expand the ownership of leaders for citizens.

Source: seventh day