Cabinet Approves Restructuring and Privatisation of SOEs

The Cabinet approved policies for restructuring and privatization of state-owned enterprises (SOEs) during a meeting on 14 January 2024. Principal Secretary Abdulla Nazim Ibrahim confirmed the decision at a press conference. Policies include reviewing SOE classification, implementing KPIs, and determining ownership structures (100% state, PPP, or IPO). The cabinet aims to implement within three months, with companies given until first half of 2025 to improve performance. The government holds stakes in 32 SOEs, most operating at a loss. The Ministry of Finance proposed the policies, and the MMA had recommended privatization. The move aligns with President Muizzu's Week 14 roadmap.

The Cabinet approved policies for restructuring and privatization of state-owned enterprises (SOEs) during a meeting on 14 January 2024. Principal Secretary Abdulla Nazim Ibrahim confirmed the decision at a press conference. Policies include reviewing SOE classification, implementing KPIs, and determining ownership structures (100% state, PPP, or IPO). The cabinet aims to implement within three months, with companies given until first half of 2025 to improve performance. The government holds stakes in 32 SOEs, most operating at a loss. The Ministry of Finance proposed the policies, and the MMA had recommended privatization. The move aligns with President Muizzu's Week 14 roadmap.

The Cabinet approved policies for restructuring and privatization of state-owned enterprises (SOEs) during a meeting on 14 January 2024. Principal Secretary Abdulla Nazim Ibrahim confirmed the decision at a press conference. Policies include reviewing SOE classification, implementing KPIs, and determining ownership structures (100% state, PPP, or IPO). The cabinet aims to implement within three months, with companies given until first half of 2025 to improve performance. The government holds stakes in 32 SOEs, most operating at a loss. The Ministry of Finance proposed the policies, and the MMA had recommended privatization. The move aligns with President Muizzu's Week 14 roadmap.

This story involves 1 source and may affect public understanding of soe / restructuring.