Ahmed Rostom, Minister of Planning and Economic Development and Chairperson of the National Investment Bank (NIB), chaired a meeting of the bank’s Investment Committee. The committee reviewed NIB’s investment portfolio, including its holdings across institutions listed on the capital market, and discussed a comprehensive plan to maximize the value of these assets. The meeting forms part of ongoing efforts to restructure the bank and reinforce its pivotal role as one of the Egyptian government’s foremost development and investment arms. Rostom highlighted the progress achieved in implementing the state’s restructuring plan for NIB, describing the bank as the government’s principal investment vehicle. He emphasized the importance of expanding investment activities and channeling them into major national projects, particularly by strengthening partnerships with the private sector. He added that the structural transformation underway at NIB reflects the government’s commitment to optimizing state resources and assets while enhancing operational efficiency. Rostom explained that this transformation will enable the bank to play a more effective role in implementing government-led investments, with direct benefits for improving the quality of life of Egyptian citizens. He affirmed that the restructuring plan is advancing steadily across all pillars—ranging from managing financial investments and resolving long-standing entanglements, to comprehensive internal development of the bank’s operating framework. The session was attended by Hussein Eissa, Deputy Prime Minister for Economic Affairs; Osama Saleh, former Minister of Investment and Chairperson of Ayady for Investment and Development; and Ashraf Negm, Managing Director and Vice Chairperson of NIB. Sherif Samy, former Chairperson of the Financial Regulatory Authority and a member of the bank’s Board of Directors, joined via video conference. The post Planning minister chairs National Investment Bank committee meeting first appeared on Dailynewsegypt.
