{"id":626615,"date":"2018-07-08T04:11:32","date_gmt":"2018-07-08T04:11:32","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/08\/one-step-closer-to-the-privatization-program\/"},"modified":"2018-07-08T04:11:32","modified_gmt":"2018-07-08T04:11:32","slug":"one-step-closer-to-the-privatization-program","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/08\/one-step-closer-to-the-privatization-program\/","title":{"rendered":"One step closer to the privatization program"},"content":{"rendered":"

One step closer to the privatization program?<\/strong> The committee tasked with managing the state privatization program will soon brief cabinet as a whole on where things stand, Finance Minister Mohamed Maait said in a statement. While the official Finance Ministry statement does not include a deadline, the local press is claiming<\/a><\/u> that Maait said at a presser that announcement will be coming on this in two weeks. Sources in government had told us last week<\/a><\/u>that the timeline\u2019s big reveal is expected to come sometime this week. It\u2019s part of a litany of preparations: <\/strong>Public Enterprises Minister Hisham Tawfik has ordered state holding companies to look into stock splits, Al Masry Al Youm<\/a><\/u> reports, and the general assembly of the Chemicals Industries Holding Company\u2019s (CICH) approved raising its capital to EGP 4 bn on Saturday, Ahram Gate reports<\/a><\/u>. CICH is the parent company of Eastern Tobacco Company, which is set to pilot the privatization program with a 4% stake sale.<\/p>\n","protected":false},"excerpt":{"rendered":"

One step closer to the privatization program? The committee tasked with managing the state privatization program will soon brief cabinet as a whole on where things stand, Finance Minister Mohamed Maait said in a statement. While the official Finance Ministry statement does not include a deadline, the local press is claiming that Maait said at […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-626615","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"50640f63-188e-4796-9ed7-90952c538b83","order":"0","is_powered_by":true,"section_story_id":"1d121b27-bbb2-4d90-a810-4b7dbdf5bccc","story_type":"1","photo_url":"","photo_position":"above","related_issue":[626606],"teaser":"","voice_url":""},"yoast_head":"\nOne step closer to the privatization program - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/08\/one-step-closer-to-the-privatization-program\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"One step closer to the privatization program\" \/>\n<meta property=\"og:description\" content=\"One step closer to the privatization program? The committee tasked with managing the state privatization program will soon brief cabinet as a whole on where things stand, Finance Minister Mohamed Maait said in a statement. While the official Finance Ministry statement does not include a deadline, the local press is claiming that Maait said at […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/08\/one-step-closer-to-the-privatization-program\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-07-08T04:11:32+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/08\/one-step-closer-to-the-privatization-program\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/08\/one-step-closer-to-the-privatization-program\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"One step closer to the privatization program\",\"datePublished\":\"2018-07-08T04:11:32+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/08\/one-step-closer-to-the-privatization-program\/\"},\"wordCount\":168,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/08\/one-step-closer-to-the-privatization-program\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/08\/one-step-closer-to-the-privatization-program\/\",\"name\":\"One step closer to the privatization program - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2018-07-08T04:11:32+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/08\/one-step-closer-to-the-privatization-program\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/08\/one-step-closer-to-the-privatization-program\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/07\/08\/one-step-closer-to-the-privatization-program\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"One step closer to the privatization program\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"One step closer to the privatization program - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2018\/07\/08\/one-step-closer-to-the-privatization-program\/","og_locale":"en_US","og_type":"article","og_title":"One step closer to the privatization program","og_description":"One step closer to the privatization program? 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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\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":591974,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/23\/egypt-to-see-no-privatization-in-january-says-finance-minister\/","url_meta":{"origin":626615,"position":1},"title":"Egypt to see no privatization in January, says Finance Minister","author":"enterpriseam admin","date":"23 December 2019","format":false,"excerpt":"PRIVATIZATION WATCH- No stake sales by state companies in January? There will be no \u201cofferings\u201d of state-owned companies on the EGX in January, Finance Minister Mohamed Maait said yesterday, according to Al Mal. We read this as saying there will be no stake sales by already-listed state-owned companies including Alexandria\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/2\/259.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":624315,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/05\/state-privatization-program-to-kick-off-in-october-maait-says\/","url_meta":{"origin":626615,"position":2},"title":"State privatization program to kick off in October, Maait says","author":"enterpriseam admin","date":"5 September 2018","format":false,"excerpt":"** #2 The state privatization program is on track to kick off in October, Finance Minister Mohamed Maait told the press yesterday, Al Mal reports. Two already-listed companies will sell additional shares on the EGX next month, Maait added, with three others set to follow before the end of the\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":625598,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/08\/09\/maait-reassures-private-sector-their-role-in-privatization-program-is-secure\/","url_meta":{"origin":626615,"position":3},"title":"Maait reassures private sector their role in privatization program is secure","author":"enterpriseam admin","date":"9 August 2018","format":false,"excerpt":"EXCLUSIVE- Maait to private sector service providers: We have a piece of the IPO program for you. Finance Minister Mohamed Maait is reassuring private-sector bankers, lawyers and other advisers that they will have roles to play in the share sales of five companies piloting the state privatization program. The minister\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":601249,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/24\/are-there-division-in-the-govt-over-how-to-kickstart-state-privatization-program\/","url_meta":{"origin":626615,"position":4},"title":"Are there division in the gov\u2019t over how to kickstart state privatization program?","author":"enterpriseam admin","date":"24 February 2019","format":false,"excerpt":"EXCLUSIVE- Could an IPO, not a stake sale, kickstart the state privatization program? 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