OPEN// PM follows up on status of govt's IPO program
CAIRO, June 11 (MENA) - Prime Minister Mostafa Madbouli said he is following up on the progress of the government's initial public offering (IPO) program, saying necessary steps and procedures will be taken to enhance the private sector's role in various economic activities and increase its participation across numerous sectors, under the State Ownership Policy Document.
Madbouli made the remarks as he chaired a meeting on Wednesday to follow up on the status of the government's IPO program.
The meeting reviewed the implementation status of the IPO program, as well as the various timelines related to offering several targeted companies in the coming stage, Cabinet Spokesman Mohamed el Homosany said.
The meeting was attended by Governor of the Central Bank of Egypt (CBE) Hassan Abdullah, Minister of Planning, Economic Development and International Cooperation Rania el Mashat, Minister of Electricity and Renewable Energy Mahmoud Esmat, Minister of Public Business Sector Mohamed Shimi, Minister of Investment and Foreign Trade Hassan el Khatib, and Minister of Petroleum and Mineral Resources Karim Badawi.
The meeting was also attended by Deputy Minister of Finance for Fiscal Policies Yasser Sobhi and CBE's Deputy Governor Rami Aboul Naga, along with officials from the ministries concerned and the CBE. (MENA)
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