{"id":324464,"date":"2022-01-17T14:17:17","date_gmt":"2022-01-17T14:17:17","guid":{"rendered":"https:\/\/egy-africa.com\/en\/?p=324464"},"modified":"2022-01-17T14:24:47","modified_gmt":"2022-01-17T14:24:47","slug":"egypt-is-restructuring-several-military-owned-firms-to-list-them-on-egx-pm","status":"publish","type":"post","link":"https:\/\/egy-africa.com\/en\/2022\/01\/17\/egypt-is-restructuring-several-military-owned-firms-to-list-them-on-egx-pm\/","title":{"rendered":"Egypt is restructuring several military-owned firms to list them on EGX, PM"},"content":{"rendered":"

The Egyptian government aims to float several companies on the Egyptian Stock Exchange during the next year, including companies affiliated to the Armed Forces that operate in the civilian economic sectors, the Prime Minister Mostafa Madbouly said.<\/p>\n

Madbouly added, in a TV interview, that the the affiliated companies are currently being restructured in preparation for being offered on the Egyptian Stock Exchange<\/p>\n

The Sovereign Fund of Egypt said last month that it is close to finishing the restructure of bottled water brand Safi and Wataniya Petroleum, which are both owned by the army\u2019s National Service Projects Organization.<\/p>\n

President Abdel Fattah El Sisi sounded a similar note <\/strong>in recent remarks at the state-owned Kima complex. State-owned Ahram Online<\/a> quotes El Sisi as having said \u201cThe private sector is welcome to contribute in new projects and factories. I repeat [my invitation] for the fourth time. We need the private sector. We have been proven incompetent in management [of state-owned companies] in the last 40 years.\u201d)<\/p>\n","protected":false},"excerpt":{"rendered":"

The Egyptian government aims to float several companies on the Egyptian Stock Exchange during the next year, including companies affiliated to the Armed Forces that operate in the civilian economic sectors, the Prime Minister Mostafa Madbouly said.<\/p>\n","protected":false},"author":4,"featured_media":321589,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[33,23],"tags":[127],"class_list":["post-324464","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-main","category-money-markets","tag-egx"],"yoast_head":"\nEgypt is restructuring several military-owned firms to list them on EGX, PM - egy-africa<\/title>\n<meta name=\"description\" content=\"The Egyptian government aims to float several companies on the Egyptian Stock Exchange during the next year, including companies affiliated to the Armed Forces that operate in the civilian economic sectors, the Prime Minister Mostafa Madbouly said.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/egy-africa.com\/en\/2022\/01\/17\/egypt-is-restructuring-several-military-owned-firms-to-list-them-on-egx-pm\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt is restructuring several military-owned firms to list them on EGX, PM - 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