New capital: Prime Minister Moustafa Madbouly has ordered the development of a detailed executive plan for the State Ownership Policy Document, targeting specific sectors for the next three years. This plan is to be closely linked to the State-Owned Companies Unit. He also mandated that companies already listed for public offerings on the stock exchange finalize the sale of their designated stakes by the year's end. Additionally, Madbouly instructed that decisions be prepared by June 30 to transfer the affiliation of all companies previously under the Ministry of Public Business Sector, following the ministry's dissolution.
According to State Information Service Egypt, these directives were issued during a Thursday meeting at the government headquarters in the New Capital, where the prime minister reviewed the first quarterly report of the State-Owned Companies Unit at the Cabinet. The meeting was attended by Deputy Prime Minister for Economic Affairs Hussein Eissa, Assistant Prime Minister and CEO of the State-Owned Companies Unit Hashem El-Sayed, and members of the unit.
Sayed presented the status of the state-owned companies plan, highlighting the unit's achievements from January to March 2026. He emphasized the unit's aim to manage state ownership in companies efficiently and transparently, focusing on improving governance systems, restructuring investment portfolios, and enhancing private sector partnerships. These efforts are intended to achieve financial sustainability, economic development, and support the competitiveness of the Egyptian economy.
Sayed noted that, aligning with directives from President Abdel Fattah El Sisi, the unit has continued implementing several approved targets to enhance the management of state-owned assets and expand private-sector participation in economic activities. He reported significant progress in listing new companies on the Egyptian Exchange, praised by international institutions as a vital step towards market deepening, enhancing transparency, and creating an attractive environment for investment.
The unit's first-year action plan, effective January 1, 2026, includes eight integrated pillars to organize activities, improve efficiency, and strengthen policy and procedural integration. It encompasses establishing a comprehensive database, restructuring state-owned investment portfolios, developing the capital market, and modernizing legislative frameworks.
Additionally, Sayed highlighted the launch of the "Rasheed" national platform, a digital system leveraging artificial intelligence to manage and analyze company data. This initiative has created a database of over 600 state-owned or state-participating companies, with data from approximately 120 companies entered and analyzed during the initial phase.
Regarding public offerings and ownership restructuring, Sayed mentioned the unit's progress in preparing lists of companies for transfer to the Sovereign Fund of Egypt and other national entities. Several companies have been selected for listing on the Egyptian Exchange, including subsidiaries of public-sector holding companies and firms from the petroleum sector.
The report detailed the temporary listing of six companies in March 2026, ten by the end of April, and four in the first half of June 2026, with ongoing coordination to finalize procedures for listing additional petroleum-sector companies next month.
The unit also provided technical support to state-owned companies through coordination meetings and proposed restructuring, capital increases, and operational efficiency improvements to enhance readiness for listing. It reviewed 15 requests to establish new companies, approving six, rejecting one, and continuing to study eight others pending further data and feasibility studies.
Sayed affirmed that the unit will continue efforts to complete databases, strengthen centralized state ownership management, define investment priorities, and expand digital transformation tools. The unit's efforts have received international praise, including from development institutions and the European Commission, reflecting growing confidence in Egypt's economic reform path and steps to improve public asset management and capital market efficiency.