To privatize over 30 State-owned companies
08 Feb 2023
On 8 February 2023, the Prime Minister of Egypt disclosed a list of more than 30 State-owned companies that will either be listed on the EGX or sold to strategic investors within a year - till the first quarter of 2024 - in accordance with the recently-adopted State Ownership Document. The companies are active in 18 different fields and companies include two military-owned companies: water company Safy and petrol stations operator Wataniya. The list also includes three banks, Banque Du Caire, The United Bank and The Arab African Bank. There are also several companies working in the field of energy, insurance and petrochemicals. The Government will list 25 per cent of these companies within 6 months.
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Entry and establishment (Ownership and control)
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