Prime Minister Moustafa Madbouly directed the preparation of a precise executive plan for the State Ownership Policy Document, identifying the targeted sectors over the coming three years, noting that the plan is clearly linked to the State-Owned Companies Unit.
Madbouly also instructed that companies already listed for public offerings on the stock exchange should complete the sale of their designated stakes before the end of the year. He further assigned the preparation of decisions before June 30 to transfer the affiliation of all companies previously under the Ministry of Public Business Sector following the ministry’s abolition.
The directives came during a meeting held by the prime minister on Thursday, May 21, 2026 at the government headquarters in the New Capital to review the first quarterly report of the State-Owned Companies Unit at the Cabinet. The meeting was attended by Deputy Prime Minister for Economic Affairs Hussein Eissa, Assistant Prime Minister and CEO of the State-Owned Companies Unit Hashem El-Sayed and members of the unit.
Sayed reviewed the status of the state-owned companies plan and presented the unit’s first quarterly report, covering achievements from January to March 2026. He reiterated that the unit aims to enable the state to manage its ownership in companies efficiently and transparently through improving governance systems, restructuring investment portfolios and enhancing partnerships with the private sector in a way that achieves financial sustainability and economic development while supporting the competitiveness of the Egyptian economy.
Sayed said that, in line with directives from President Abdel Fattah El Sisi and the state’s orientation toward improving the efficiency of managing state-owned assets and companies while expanding private sector participation in economic activity, the unit continued implementing several approved targets.
He noted that these efforts resulted in tangible progress in several priority files, particularly the listing of new companies on the Egyptian Exchange, which received praise from international institutions as an important step toward deepening the market, enhancing transparency and disclosure and creating an attractive environment for local and foreign investment.
Sayed added that the unit approved its first-year action plan, which officially came into effect on January 1, 2026, and includes eight integrated pillars aimed at organizing activities, improving implementation and follow-up efficiency and strengthening policy and procedural integration.
The plan also includes establishing a comprehensive database, restructuring state-owned investment portfolios, developing the capital market, strengthening governance and sound management systems, regulating human resources, modernizing legislative and regulatory frameworks and improving institutional communication and evaluation mechanisms.
He said the unit succeeded during the first quarter of 2026 in exceeding target timelines in several projects, particularly in drafting organizational and legislative frameworks governing the management of state-owned companies, despite continued work on building institutional, technological and human infrastructure.