Arab Finance: Egyptian president Abdel Fattah El-Sisi said that the government is willing to offer more stake in military firms to private investors as part of the state privatization program.
El-Sisi’s remarks came during an inauguration ceremony of the expansions of an industrial city SILO foods affiliated to the National Service Projects Organization (NSPO) on February 9th.
On February 9th, the Egyptian Cabinet announced that it is looking forward to offering shares in up to 32 state-run firms for sale on the Egyptian Exchange (EGX), to strategic investors, or a mix of both.