Is the gov’t tightening the internal timeline for the state privatization program? Public Enterprises Minister Hisham Tawfik ordered state holding companies to expedite procedures to ready their companies for the state privatization program, according to a ministry statement picked up by Al Shorouk. Tawfik ordered the companies to complete their reports on their respective companies in three weeks. Finance Minister Mohamed Maait insisted in a statement last week that the program was not delayed and that the ministry was currently coordinating with its peers on the timeline of the program. Eastern Tobacco was expected to pilot the program last month with an additional 4% stake sale.

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