Egypt plans to list three or four military-affiliated companies on the stock exchange as part of its initiative to divest state assets. Prime Minister Mostafa Madbouly announced that the names of these companies will be revealed next week, along with additional details on the divestment program.
Egypt has requested a review of the targets set in its $8 billion program with the International Monetary Fund, according to Prime Minister Mostafa Madbouly. He noted that IMF officials have shown understanding of these practical requests. The fund is expected to complete its latest review of Egypt's 46-month program in the coming days.
Egypt's Prime Minister Mostafa Madbouly announced a review of the state asset sale program due to the nation's "extraordinary" circumstances. While the goal of increasing private sector opportunities remains, the sectors and sizes of the offerings may be adjusted, with over 30 companies initially listed for sale.
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