Planning and Economic Development Minister and NIB Chairman Ahmed Rostom chaired a meeting of the National Investment Bank’s (NIB) Board of Directors on Monday, August 17, 2026, to review the bank’s performance indicators and developments related to its restructuring, as well as its role as a strategic development arm of the State.
The meeting highlighted the National Investment Bank’s (NIB) significant financial recovery, reflecting the progress made under its institutional and financial reform plans. The bank recorded a net profit of nearly EGP 6 billion in the fiscal year ended June 30, 2025, compared with losses of EGP 31.7 billion in the previous fiscal year.
The board reviewed progress in resolving financial obligations owed to government entities. In June 2026, two framework agreements were signed to settle historic debts dating back to the 1980s, worth a combined EGP 196 billion. The settlements covered subsidiaries of the Holding Company for Water and Wastewater and the General Authority for Reconstruction and Agricultural Development Projects.
Further settlements are also underway. Rostom affirmed the ministry’s commitment to completing the restructuring process and settling all outstanding financial obligations, stressing that the process is being closely monitored by Prime Minister Moustafa Madbouli.
The meeting also discussed the NIB’s future plans, including new mechanisms to finance infrastructure through innovative financing tools and strategic partnerships with the World Bank and other international financial institutions. Cabinet approves EIB-funded power grid expansion, UAE wind energy agreements Cabinet approves EIB-funded power grid expansion, UAE wind energy agreements