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Egyptian Government Set to Launch International Investment Bank Projects With 4 Major Companies

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Egypt’s Presidency of the Council of Ministers, Nader Saad, announced that he had agreed to start the listing procedures for Watania and Safi through a placement adviser next Wednesday.

This happened during a meeting that took place today, Sunday, and which was attended by Prime Minister Mustafa Madbouli, in order to follow the executive steps of the program of government proposals, which was announced earlier, in addition to the presence of Tariq Al – Mullah, Minister of Oil and Mineral Resources, Hala Al-Saeed, Minister of Planning and Economic Development, and Muhammad Maait, Minister of Finance, Mahmoud Esmat, Minister of Public Sector Business, Ahmed Sameer, Minister of Trade and Industry, and Ayman. Suleiman, Executive Director of the Egyptian Sovereign Fund.

In the details of the ministerial agreement, the placement consultant will contact the investors shortly and provide details of the two companies as the placement process aims to maximize the value of the two companies and attract investors from the local or foreign private sector. after completion of the process of preparing for the placement of two companies under the control of the Sovereign Fund of Egypt.

Saad also said that through the committee that deals with the implementation of the proposal program, it was also agreed to offer 4 other large companies through international investment banks.

Source: Cairo 24

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