Tuesday 14/October/2025 – 10:20 PM
Dr. Mostafa Madbouly, Prime Minister, issued Resolution No. 3681 of 2025, appointing Dr. Hashem Al-Sayed Hashem as Assistant to the Prime Minister and CEO of the Central Unit of State-Owned Companies in the Council of Ministers, effective October 6, 2025.
This decision comes in implementation of the provisions of Law No. 170 of 2025 issued regarding regulating state ownership in companies it owns or in which it contributes.
Dr. Hashem Al-Sayed is considered one of the most prominent experts in the fields of asset management, restructuring, finance and financial markets, and has a long professional record in the financial and investment sectors.
The establishment of this unit, which is scheduled to officially begin its work next November, comes within the framework of the political leadership’s directives to enhance the efficiency of managing and investing state assets, and to achieve the maximum economic return from them. The unit aims to reform and restructure the system of state-owned companies, and ensure their management according to sound economic foundations that achieve efficiency, transparency, and financial sustainability, in addition to implementing the state ownership policy by defining its role as an investor and shareholder, and ensuring competitive neutrality in priority economic sectors.
Attracting more local and foreign investments
The unit also seeks to achieve a set of vital goals, most notably attracting more local and foreign investments, strengthening governance in the financial markets and revitalizing the capital market, in addition to raising operating efficiency and institutional decision-making to ensure the separation of ownership and management. The unit will prepare periodic financial and operational reports in accordance with international standards and publish them to enhance transparency and disclosure, which contributes to achieving the best economic return on the country’s investment portfolio. The unit’s competencies also include setting unified controls for selecting state representatives on companies’ boards of directors, and reviewing administrative and financial conditions with the aim of raising their operational efficiency, taking into account the social dimension and treating surplus labor without placing additional burdens on the public treasury.
The establishment of the unit reflects the government’s seriousness in moving forward towards reforming the government companies sector, and ensuring that state assets are managed efficiently and sustainably, within the framework of the state’s vision to empower the private sector and build a strong competitive economy.
The Prime Minister affirmed the state’s commitment to enabling the unit to perform its pivotal role and providing it with all the necessary tools, stressing that the unit’s decisions will be enforceable and binding on the entities that own government companies, so that this step will serve as a redefinition of the state’s role in economic activity in a way that enhances competitiveness, governance and transparency.
