Parliamentarian: The theses program is in line with massive economic and financial reforms
Representative Ahmed Mohsen, a member of the Senate Ethics Committee, considered the proposal program announced by Prime Minister Dr. Mustafa Madbouly is a very important program that completes the steps of economic and financial reform in Egypt, noting that the theses program, which includes listing 10 companies on the Egyptian Stock Exchange, is a pivotal step within the government’s strategy to stimulate the economy and is in line with the free economy adopted by the Egyptian state.
 
Mohsen pointed out, in a press statement today, that there are many objectives for the theses program, foremost of which is attracting local and foreign capital, which enhances investment flows. It supports transparency within the Egyptian market and improves its financial and administrative conditions, which contributes to improving governance. Adding: The increase in companies listed on the Egyptian Stock Exchange enhances financial market activity and encourages individual investors to participate more, whether local or foreign.
The senator refused to consider the program Theses are sales of the state’s assets, its major companies, banks, and airports. He said: These are blatant, fabricated and false rumours. The main goal is to pump money and investments into these entities, preserve them from loss and develop them in the short and medium term.
Mohsen added that a large part of The success of the theses program depends on the gradual offering, organizing international promotional campaigns to attract foreign investors, providing tax incentives to participants in new IPOs, and choosing the appropriate timing for each company or bank accordingly.
MP Ahmed Mohsen concluded that the Egyptian economy is going through a very important stage, and the continuation of economic reform steps depends on implementing comprehensive economic reforms, and legislative and regulatory reforms to simplify investment procedures and ensure Stability of economic policies. He said: The national economy is in excellent economic condition, and has been able to overcome severe crises such as the events that affected the revenues of the Suez Canal and others.
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