26 May 2024 08:11 AM

PM: All companies that will be listed on EGX to be announced within 2 weeks

Saturday، 28 January 2023 - 03:32 PM

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

Speaking during a press conference held Saturday 28/01/2023 on the sidelines of his inspection tour of Capital Gardens City, Madbouli said that the State pays due attention to the private sector.

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

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

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

MENA


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