Premier forms committee to sell shares of state-owned companies

CAIRO - 16 May 2018: Prime Minister Sherif Ismail has ordered the formation of a ministerial committee to set up a program to put forward at the Egyptian Exchange shares of companies owned or partly owned by the state to expand ownership of these companies and to supervise the program's implementation.

According to the decision, published by the official Gazette on Wednesday, the committee is to comprise the ministers of investment, international cooperation, petroleum and mineral wealth, trade and industry, finance (the committee's rapporteur), planning and public enterprises, besides the head of the Cabinet's Legislative Affairs Secretariat.

The program aims at activating the Egyptian Exchange, increase capital cash and developing companies owned or partly owned by the state.