Gov’t accelerates program to expand state-owned company ownership: Madbouly

Prime Minister Mostafa Madbouly said Sunday the government accelerates its program to expand ownership of state-owned companies via financial markets.

He added that the Financial Regulatory Authority exerts efforts to complete achievement of ambitious vision to develop capabilities of the non-banking financial system, as one of the main pillars that make up the national economy.

This came during Madbouly’s meeting on Sunday with Chairman of the Board of Directors of the Financial Regulatory Authority Mohamed Farid, to review the Authority’s efforts in developing and growing the non-banking financial sector with the aim of enhancing its pivotal role in the national economy.

Premier Madbouly indicated that the government is serious about completing and accelerating the pace of the program to expand the ownership base of state-owned companies, through the stock market, whose indicators during the recent period witnessed a noticeable improvement in the level of trading values, market capitalization and the number of operations.

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