New privatizationsystem begins next week

The government intends to apply a new privatization system when selling the state-owned companies, said Minister of Public Business Sector Mokhtar Khattab, adding that under the new system 6 companies:

ÊÊÊ Niaza, Edfina, Simaf, Bata, Automotive Engineering and Kafr Al-Dawar Dyeing will be put for sale.

ÊÊÊ The new system envisages raising the capital of the listed companies to 51 per cent.