Dr. Ahmed Rostom, Minister of Planning and Economic Development and Chairman of the National Investment Bank, chaired a meeting of the National Investment Bank's assets committee to review the assets whose ownership has passed to the bank and to discuss proposed partnership mechanisms to maximize their value, helping to strengthen the bank's financial position.

The meeting was attended by Dalia Mostafa, Acting Deputy Chairman of the National Investment Bank; Eng. Walid Abbas, Deputy Minister of Housing; Mohamed El-Etreby, CEO of the National Bank of Egypt; Mostafa El-Hayawan, board member of Misr Real Estate Asset Management Company; Mohamed Metwally, CEO of NI Capital; and Sherif Samy, former Chairman of the Financial Regulatory Authority, along with a number of senior ministry officials.

During the meeting, Dr. Rostom said the main objective was to discuss the best use of the assets transferred to the bank under settlements signed over the past few months. He noted that, thanks to fully coordinated efforts with various bodies under the leadership of Prime Minister Dr. Mostafa Madbouly, the bank had concluded historic settlements, some dating back to the 1980s. He said this underlines the importance of the step in moving long-stalled files forward to the benefit of both the bank and the other parties, as well as correcting the bank's financial position so it can resume its development and investment role.

The minister explained that the state is keen to maximize returns on these assets through partnerships with the private sector and relevant bodies, which would strengthen the bank's financial position and provide the liquidity needed to support economic development and implement the state's investment plan. He confirmed that various proposals and mechanisms for making the best use of these assets are currently under study.

He added that the step is an integral part of the ongoing restructuring plan for the National Investment Bank, which has proven successful in supporting the bank's financial position, overcoming financial and administrative obstacles, strengthening its ability to contribute effectively to development efforts and ensuring the sustainability of its financial structure.

The National Investment Bank has signed framework agreements to settle financial entanglements estimated at about EGP 400 billion with several bodies, including the New Urban Communities Authority, the National Media Authority, the General Authority for Implementing Industrial and Mining Projects, the Agricultural Development Authority, the Egyptian Agricultural Authority, drinking water and sanitation companies and New Valley Governorate, resulting in the transfer of ownership of a number of assets to the bank.