SOEs to seek Finance Ministry approval in taking loans

A change in policy now requires State Owned Enterprises (SOEs) to seek approval from the Ministry of Finance before taking any loans.

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Zameer

Mariyath Mohamed

2025-01-01 11:50:46

A change in policy now requires State Owned Enterprises (SOEs) to seek approval from the Ministry of Finance before taking any loans.

A circular sent by the Privatization and Corporatization Board to SOEs stated that the change had been approved by the board in a meeting held on December 25.

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