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The Asset Management Program. www.investment.gov.eg. Egyptian Reform and Privatization Program .

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  1. The Asset Management Program www.investment.gov.eg

  2. Egyptian Reform and Privatization Program • The Government of Egypt has embarked on a comprehensive Reform Program since the late eighties with the target of transforming the economy from the central planning system to free economy ruled by market forces. • The privatization program was launched in 1991 as the corner stone of the overall reform program. It started with 314 companies distributed over 27 holding company. www.investment.gov.eg

  3. Achievement of The privatization Program Achievements of the Privatization Program From 1991 – June 2004 No of Transactions Total Sale Value in LE Billion 216 17.9 www.investment.gov.eg

  4. The New Vision • From July 2004 the new government gathered all tools of investment under one roof which is the new Ministry of Investment. • The General Authority For Investment (GAFI) • The Capital Market Authority • The Stock Exchange • The Public Enterprise Companies • Insurance Companies www.investment.gov.eg

  5. The New Vision • In an attempt to increase efficiency of public enterprises to operate in a competitive market controlled by supply and demand, • and in an attempt to attract local, regional and foreign direct investment, The Ministry of Investment has adopted from July 2004 the Asset Management Program. www.investment.gov.eg

  6. Offering public assets , shares and companies for sale with overall consideration of public welfare and labor rights Restructuring public enterprises according to scientific, economic and technical feasibility studies. Emphasizing the Corporate Governance principles and guidelines in operating state owned companies. The Asset Management Program from July 2004 The Asset Management Program has adopted three main pillars www.investment.gov.eg

  7. Public Enterprise Companies Public shares in Joint Ventures Unutilized Assets in Public Enterprises Affiliated Companies to other ministries where Ministry of Investment provides technical assistance in the sale process The Asset Management Program from July 2004 The Asset Management Program offers a diversified portfolio of investment opportunities in the form of : www.investment.gov.eg

  8. The Asset Management Program www.investment.gov.eg

  9. The Asset Management Program Achievements of The Asset Management Program From July 2004 - June 2005 No of Transactions Total Sale Value in LE Billion 28 5.6 www.investment.gov.eg

  10. The Asset Management Program Achievements of The Asset Management Program From July 2005 - May 2005 No of Transactions Total Sale Value in LE Billion 57 14.5 www.investment.gov.eg

  11. In cooperation with the Central Bank of Egypt and the banking sector, the Egyptian Asset Management Programme successfully supervised and monitored the sale of the four major Joint Venture Banks from Feb. 2005 till Feb 2006 as follows:. The Asset Management Program Achievements in the Banking Sector From July 2004 - May 2006 Transactions Total Sale Value in LE Million NSGB 535.6 MIBank 873 EAB 985 CIB1303 Total 3696.6 www.investment.gov.eg

  12. Petrochemicals Banking Tourism Chemical Indst. Construction Metallurgical Indst Services Transport Food Industries Future plans The Asset Management Program for the year 2005/2006 includes 45 Public Enterprise Company and public shares in 57 Joint Ventures operating in different and attractive sectors as follows : www.investment.gov.eg

  13. Investment Opportunities Within The Asset Management Program www.investment.gov.eg

  14. Petrochemicals www.investment.gov.eg

  15. (60%) Sidi–Krare for petrochemicals – SIDPEC Main Activities: The company works in the field of production of primary & Intermediate & Final petrochemicals Financial Status and Stock Market: The capital issued in L.E equal to 1.2 billion. Total shares are 10.2 Million. The share par value is 100L.E. The company is not listed in the Stock Market. Authorized to sell: National Bank of Egypt Financial Indicators In million LE www.investment.gov.eg

  16. Alexandria for Metallurgical Oil Co. (AMOC) (60%) Main Activities: Production of Metallurgical Oil (Equalized, Special, Absolute & Final) & Paraffin Wax Products & Marketing it inside & outside Egypt. Financial Status and Stock Market: The capital issued in L.E 820 Million. Total shares are 8.2 Million. The share par value is 100L.E.The Company is not listed in the Stock Market Authorized to sell: National Bank of Egypt Financial Indicators In million LE www.investment.gov.eg

  17. (84%) Alexandria for Specialty Petroleum Products Co. (ASPC) Main Activities: Install, Run, Management Petrochemical Assemble Financial Status and Stock Market: The capital issued in L.E 200 Million. Total shares are 20 Million. The share par value is 100L.E. The company is not listed in the Stock Market. Authorized to sell: National Bank of Egypt Financial Indicators In million LE www.investment.gov.eg

  18. Banking www.investment.gov.eg

  19. (37%) Egyptian Saudi Finance Bank Main Activities: Performing all banking services & financial transactions Financial Status and Stock Market: The capital issued in L.E. equal to 150 Million. Total shares are 2142871. The share par value is L.E. 7 The Bank is listed in the Stock Market. & shares Circulation activated Authorized to sell: Bank of Alexandria Financial Indicators In million LE www.investment.gov.eg

  20. Tourism Sector www.investment.gov.eg

  21. Misr Hotels Co. Main Activities: Constructing hotels mainly connected with international hotel chains which take over the management of constructed hotels such as the Hilton Hotel. It also constructs tourist villages and entertainment parks Financial Status and Stock Market: The capital issued in L.E. equal to 49.5 million Sale Delegate Holding Company for Housing, Tourism & Cinema Financial Indicators In thousand LE www.investment.gov.eg

  22. El Maamoura Housing Main Activities: land reclamation, Housing, construction of touristic sites, leasing and investing agricultural land, as well as sale or renting lands. Financial Status and Stock Market: The capital issued in L.E. equal to 75 million Sale Delegate Holding Company for Housing, Tourism & Cinema Financial Indicators In thousand LE www.investment.gov.eg

  23. (48%) Rowad Misr for Tourist Investment Main Activities: The capital issued in L.E equal to 100 Million. Total shares are 1Million. The share par value is 100L.E. The company is listed in the Stock Market & shares circulation activated. Financial Status and Stock Market: Building Hotels, tourism village, Motels, restaurants, casino & complementary services for these constructions like entertainment tools, commercial stores & shops also building & installation for these construction & Managing it Authorized to sell: Holding co. for Housing Tourism & Cinema Financial Indicators In million www.investment.gov.eg

  24. Sidi Abd El-Rahman Gulf (El Alamin) The Site is between the Mediterranean coast and the North Africa international highway 125 km west of Alexandria and 280 km north of Cairo Objective: The objective of the project is to develop the plot into a tourist Attraction point for European & Arabs www.investment.gov.eg

  25. Chemical Industries www.investment.gov.eg

  26. (46%) Egyptian Financial and Industrial Co. Main Activities: Manufacture Producing chemical materials and fertilizers Financial Status and Stock Market: The capital issued is L.E. 259.9Million. Total shares are 6497028. The share par value is L.E. 40.The Company is listed in the Stock Market & shares circulation activated Authorized to sell: Holding Co. for Metallurgical Industries Financial Indicators In million LE www.investment.gov.eg

  27. (46%) Paints and chemical industries (PACHIN) Main Activities: The company is the producing paints, varnishes, printing inks, and animal bone products. Financial Status and Stock Market: The capital issued is L.E. 200 millions. Total shares are 20 Million. The share par value is L.E. 10.The Company is listed in the Stock Market. & shares circulation activated Authorized to sell: Holding Co. for Chemical Industries Financial Indicators In MILLION LE www.investment.gov.eg

  28. Construction www.investment.gov.eg

  29. (22%) Portland Tora Cement Main Activities: Manufacturing & producing all types of cement Financial Status and Stock Market: The capital issued in L.E. equal to 238,414,000. Total shares are 23,841,400. The share par value is L.E. 10 The Company is listed in the Stock Market & shares circulation activates. Authorized to sell: Banque Misr Financial Indicators In MILLIONLE www.investment.gov.eg

  30. Metallurgical Industries www.investment.gov.eg

  31. (71%) Suez Steel Company Main Activities: Producing steel by fusion in electric furnaces Financial Status and Stock Market: The capital issued in L.E. equal to 136.5 Million. Total shares are 1364616. The share par value is L.E. 100 The Company is not listed in the Stock Market. & shares Circulation inactivated Authorized to sell: Banque du caire Financial Indicators In MILLIONLE www.investment.gov.eg

  32. Future Plans • Bank of Alexandria is currently being Offered for sale as the first State owned bank being privatized. • The Insurance sector is currently being restructured to offer one of its companies for sale. www.investment.gov.eg

  33. The Sale Procedures The Ministry of Investment has modified asset and companies sale procedures to ensure : • Speed • Efficiency • Transparency To materialize these principles, all necessary decrees and regulations have been issued and the result is : • ONE Entity monitoring and coordinating the sale process. • ONE entity specialized for endorsing valuations. • ONE set of procedures that is unified, generalized and published for the selling process. www.investment.gov.eg

  34. Thank You www.investment.gov.eg

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