Nizar: True SOE finances await audit reports

5 days ago

Many state‑owned enterprises (SOEs) are in poor financial condition, and the true extent of their situation will only be known once audit reports are completed, Privatization and Corporatization Board (PCB) President Mohamed Nizar said on Tuesday. Nizar, who also served as the first president of the PCB, was re‑appointed to the post on April 30 this year. The Parliamentary Committee on