The Egyptian Minister of Planning, Hala Al-Saeed, announced that the government had received seven offers to acquire the shares of the National Company for the Sale and Distribution of Petroleum Products, “Wataniya.” Which heralds the imminent revelation of the winner of the awaited deal.

Wataniya is owned by the National Service Projects Agency of the Egyptian Armed Forces, and also holds a 20% stake in Taqa Arabia, one of the main contenders to buy the company.

The Egyptian government is making efforts to evaluate the offers presented and choose the most appropriate one in the near future.

This step comes within the framework of the Egyptian government’s efforts to privatize some of its assets. The door for receiving final offers to purchase “Wataniya” closed last February.

Egypt has succeeded in raising approximately $3.1 billion since March 2023 through the government company offering program, in addition to $2.5 billion from exiting government assets in the previous year.

It is noteworthy that the "Wataniya" company was established in 1993 and currently owns about 255 service and fuel stations, in addition to 20 stations under construction and 25 others in the planning stage.