Wataniya
El Said, speaking at the Joint annual meeting of the Arab financial institutions in Cairo, mentioned that the government is presently engaged in evaluating offers and intends to make a selection soon
The minister added that the winning bid will be announced within a month to six weeks, and revealed that there are three main companies competing to acquire a share of the national petroleum products company
In a statement last week, the government announced that the Safi Water and Wataniya companies' database for petroleum product distribution has been opene
We will start studying offers and awards between 12 to 16 weeks of receiving them, as competitive offers take time.
Egypt is preparing to offer 10 more companies belonging to the Armed Forces on stock exchange after it had offered shares in army-owned Wataniya Petroleum Company and National Company for Producing and Bottling Water (Safi), Prime Minister Mostafa Madbouli said on Saturday.
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