The cooperation agreements were signed by Major General Magdy Anwar,
Director General of the Armed Forces National Service Projects Organization,
and Noha Khalil, Executive Director of the Egyptian Sovereign Fund for
Investment and Development. Regarding the specialized local and international
consulting offices, the financial advisors were represented by Mohamed Hafez
Gabr, representing EFG Hermes, and Amr Helal, representing CI Capital.
Regarding the legal advisors, Ragy Soliman El-Fahham signed on behalf of Adsero
- Ragy Soliman & Partners for Law and Legal Consultations, and Omar Salah
El-Din Bassiouni, Founding Partner of Matouk Bassiouni & Hennawy Law Firm.
Regarding the accounting and tax advisors, Kamel Magdy Saleh signed on behalf
of Grant Thornton Saleh, Barsoum & Abdel Aziz, and Maged Ezz El-Din signed
on behalf of PricewaterhouseCoopers Ezz El-Din, Diab & Partners “PwC”.
Finally, with regard to the commercial and strategic advisor, Francesco
Palmieri Lobbia signed on to represent Boston Consulting Group BCG.
Following the signing, it was noted that these agreements are part
of the measures and steps taken by relevant state agencies to implement the
government offering program, by offering several state-owned companies to
private sector institutions for management and operation, in implementation of
the government's State Ownership Policy document.
These agreements also include the offering of a group of companies
affiliated with the Armed Forces National Service Projects Organization,
including the National Petroleum Company, Shell Oil, Silo Foods, Safi Company,
and the National Roads Company. These agreements are being offered through a
group of specialized local and international consulting firms, within the
framework agreement signed between the National Service Projects Organization
and the Egyptian Sovereign Fund for Investment and Development, under which the
Egyptian Sovereign Fund for Investment and Development will restructure and
manage the offering of companies owned by the Armed Forces.
According to these agreements, the offering of some of these
companies is scheduled to be completed in 2025, with the rest to be completed
in 2026.