PM reforms committee overseeing state IPO program

Prime Minister Sherif Ismail issued a decision last week to reform the ministerial committee overseeing the state’s IPO program, Al Borsa said on Thursday. Among the committee’s responsibilities are setting the schedule for the listing of state-owned companies on the EGX and ensuring that affected government offices are doing the necessary prep work. The committee is chaired by the Investment Ministry and seats the ministers of finance, oil, and public enterprises, as well as the cabinet’s secretary on legislative affairs.