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PM Reviews Status of Companies Listed in Bourse

New capital: Prime Minister Moustafa Madbouli held a meeting on Sunday, March 1, 2026, at the government's headquarters in the New Capital to review the progress on several key economic files. The meeting was attended by Deputy Prime Minister for Economic Affairs Hussein Issa and Assistant Prime Minister and CEO of the State-Owned Enterprises Unit Hashem el Sayed. According to State Information Service Egypt, Madbouli highlighted Issa's ongoing efforts to implement important economic directives, mentioning frequent meetings with Issa to track progress related to economic bodies, state-owned enterprises, and the restructuring of the State Ownership Policy Document. Issa provided an update on the advancement of these initiatives. Issa explained that a meeting was convened with the team responsible for updating the State Ownership Policy Document, focusing on finalizing its updated version and scheduling its launch. Relevant ministries were contacted to gather their feedback on the proposed updates. The sessi on included a review of the recent announcement about the temporary listing of several companies on the stock exchange. Issa shared details about the initial registration of these companies, moving towards their final listing. He also discussed ongoing procedures to transfer state-owned companies to the Egyptian Sovereign Fund, with a meeting held to facilitate the transfer of 40 companies. Further discussions addressed the restructuring of state-owned companies, following the dissolution of the Ministry of Public Business Sector. These discussions involve completing general assembly meetings and engaging with CEOs to address challenges and explore restructuring strategies for the near future. El Sayed shared insights on the progress of state-owned companies previously under the Ministry of Public Business Sector. He discussed criteria for selecting the 40 companies being transferred to the Sovereign Fund, confirming their strong competitive advantages. Coordination with the minister of investment and forei gn trade is ongoing to ensure efficient management by the Sovereign Fund. El Sayed also outlined steps to complete the public offering program, aiming to restructure state assets and optimize their utilization.