Ashraf Salman Egyptian Investment Minister, will launch a restructure plan for eight holding companies and 125 affiliate company in addition to replacing a number of its leaders of whom passed the age of 70, al-Bawaba News reported on Wednesday. The source, who asked to stay anonymous, pointed out that Salman's plan includes the re-exploit of the assets of these companies. The decision was taken after the regulatory authorities' observations commenting on appointing 12 directors at subsidiary companies linked to the ‘Holding Company for Chemical Industries', who has reached the age of 80 years, the source added. The ministry is preparing an integrated action plan to take advantage of the business sector companies, while the assets of those companies will stay owned by the state.
