President Abdel Fattah El-Sisi met Dalia Khorshed, the Investment Minister. The meeting took up steps to offer capital of public sector companies on the Stock Exchange, said presidential spokesman Alaa Youssef.
The minister told the meeting that these companies have been counted as part of a programme whose first stage will include companies of the petroleum and banking sectors. The supervising committee of the programme will introduce its proposals for the initial offering of the shares, she said. The programme will promote investment and lure local and foreign capital by widening the basis of ownership of the shares of State-owned companies, she noted. It will also improve the economic competence of these companies, she added. The president underlined the importance of accelerating the steps taken to implement the programme as it will contribute to increasing the flow of investments and trading on the stock exchange, said the spokesman.
The minister reviewed during the meeting efforts exerted by her ministry to improve the investment climate to restore Egypt’s ratings among the best markets of economic reforms.
Photo Caption: EL-Sisi discuses steps to offer shares of state companies on stock exchange
