Egypt’s Prime Minister Moustafa Madbouli on Thursday said that upgrading the efficiency of state-owned enterprises and advancing the State Ownership Policy remain central pillars of the government’s economic reform agenda.
He also stressed the importance of adhering to clear implementation timelines and accelerating measures that enhance asset management and maximise returns for the State.
The prime minister made these remarks during a meeting the premier called on Thursday at the Government Headquarters in the New Capital to review the first quarterly report of the State-Owned Enterprises Unit, which operates under the Cabinet.
Deputy Prime Minister for Economic Affairs Hussein Eissa, Assistant to the Prime Minister and Chief Executive Officer of the State-Owned Enterprises Unit Hashem El-Sayed, and members of the Unit, attended the meeting.
CEO of the Unit presented, during the meeting, the first quarterly report for the period January to March 2026, outlining progress achieved under the Unit’s action plan.He reviewed developments in governance reform, portfolio restructuring, and efforts to enhance private sector participation in the economy.
El-Sayed affirmed that the Unit aims to ensure efficient and transparent management of state ownership through improved governance frameworks, restructuring of investment portfolios, and expansion of partnerships with the private sector, with the objective of strengthening financial sustainability and enhancing competitiveness.
He noted that, in line with the directives of President Abdel Fattah El Sisi, the Unit has continued implementing measures to improve the efficiency of public asset management and expand private sector participation.
He added that progress has been made in advancing structural reforms and supporting capital market development, including the listing of new companies on the Egyptian Exchange, which has been positively received by international institutions.
He highlighted that the Unit exceeded several planned targets during the first quarter of 2026, particularly in drafting regulatory and legislative frameworks governing state-owned enterprises.
A comprehensive set of policies was prepared, including updates to the State Ownership Policy, company classification standards, governance rules for board representation, and identification of strategic entities.
He also noted progress in digital transformation through the launch of the “Rashid” platform, a national digital system using artificial intelligence to manage and analyse data on state-owned companies.
The system currently includes data on around 120 companies as part of an initial phase covering more than 600 entities.Regarding the initial public offering programme, he confirmed the preparation of company lists for listing on the Egyptian Exchange and transfer to the Sovereign Fund of Egypt.
He added that several companies were listed during March and April 2026, with further listings planned for petroleum sector companies in coordination with relevant authorities.
The Unit also provided technical support to state-owned companies through restructuring proposals and efficiency measures to enhance readiness for public offerings.
It further reviewed 15 applications for establishing new companies, approving six, rejecting one, and continuing assessment of the remainder.
