The Egyptian government is really speeding up its state-owned company offering program. This is part of a bigger plan to reshape public assets and make their management more efficient, pushing more state-affiliated companies to list on the Egyptian Exchange in the near future. Dr. Hashem El-Sayed, Assistant Prime Minister and CEO of the State-Owned Companies Unit, shared that 8 companies from the former public business sector, along with 10 more from the oil sector, are currently being prepared for listing on the stock exchange. This is all happening under a new approach to managing the government's offering program. He explained that the program aims to list around 20 companies from the public business sector in total. He also noted that 12 companies are already listed on the stock exchange, belonging to the Holding Companies for Chemical Industries, Metallurgical Industries, and Construction and Development. This shows how the base of listed companies is growing as part of the national program to restructure public assets.
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