Arab Finance: Prime Minister Mostafa Madbouly issued a decree transferring full ownership of the shares of two maritime companies from the Holding Company for Maritime and Land Transport to the Suez Canal Authority (SCA), as published in the Official Gazette.

The two companies are Canal Mooring and Lights Company (CML) and the Port Said Engineering Works & Naval Constructions Company (PSEWNC).

Under the decree, both companies shall be subject to the provisions of the law governing joint-stock companies, partnerships limited by shares, limited liability companies, and single-person companies.