The Egyptian Minister for the Public Business Sector, Mukhtar Khatib, said that his Ministry is creating a database of joint companies in Egypt, which the ministry plans to put on sale, reported Al-Ahram .
The company with the largest amount of stocks out of public funds will determine the sale, while the ministry’s role is restricted to determining which party possesses the largest stocks in these joint companies.
The minister added that there are now 511 joint companies in Egypt. The market value of the government’s stocks in these enterprises is assessed at 19 billion Egyptian pounds. The market value of the rest of the working capital in these companies is estimated at EP 61 billion. — (menareport.com)
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