Odin’s Hashem El Sayed appointed assistant PM, head of state-owned companies cabinet unit

Prime Minister Moustafa Madbouly appointed Odin Investments CEO Hashem El Sayed as assistant prime minister and head of the cabinet’s unit dedicated to state-owned companies, according to a decision published in the Official Gazette. El Sayed will serve a four-year term, which could be renewed once.

REMEMBER- Last year, the cabinet approved a draft law establishing the central unit dedicatedto state-owned companies — dubbed the State-Owned Companies Inventory and Follow-Up Unit — with the aim of regulating state ownership in companies that the government wholly owns or holds stakes in.