Prime Minister Mostafa Madbouly held a meeting on Monday to follow up the procedures for restructuring a number of public companies in preparation for offering its shares on the Egyptian Stock Exchange before the end of 2022.
The meeting was attended by the Minister of Planning and Economic Development, the Finance and Chairman of the Financial Supervisory Authority, and officials of these companies and stakeholders.
At the beginning of the meeting, Madbouly stressed that this meeting comes under a review of the studies currently being conducted regarding the offering of shares from companies affiliated with the National Service Projects Organization on the stock exchange.
During the meeting, the steps that are being taken to restructure the Wataniya Petroleum and the Safi companies, both affiliated with the National Service Projects Organization were reviewed in preparation for offering its shares on the stock exchange.
The results of studies aimed at evaluating these assets were reviewed available options were examined in light of the future objectives of the activity of these companies, and the offers submitted by investors.