Cairo: Prime Minister Mostafa Madbouly emphasized the significance of addressing the financial obligations between the Holding Company for Cotton, Spinning, Weaving and Garments and the National Social Insurance Authority. He stated that this initiative aligns with the state's efforts to restructure and develop textile-sector companies, thereby maximizing resource utilization and supporting the sector's growth.

According to State Information Service Egypt, Madbouly's remarks were made during a meeting held on Thursday, September 10, 2026, to assess the progress of settling debts between the involved entities. The meeting was attended by key officials, including Deputy Prime Minister for Economic Affairs Hussein Issa and National Social Insurance Authority Chairman Gamal Awad.

Issa provided an overview of the efforts to resolve financial entanglements, highlighting the steps taken to identify and settle outstanding obligations. He underscored the importance of adhering to legal and financial frameworks to protect the rights of all parties involved. Additionally, Issa stressed the need to implement existing cooperation protocols to resolve financial issues and ensure coordination with relevant entities to maintain a balance between obligations and rights.

Gamal Awad expressed the authority's commitment to ongoing cooperation with the holding company to resolve financial disputes and settle debts as per agreed frameworks. This commitment aligns with legal regulations and aims to safeguard the authority's rights.

The meeting also reviewed the status of cooperation protocols, measures taken to address financial issues, and plans for future implementation phases. Ahmed Shaker, Chairman of the Holding Company for Cotton, Spinning, Weaving and Garments, discussed the company's commitment to fulfilling its financial obligations according to agreed schedules. This commitment is expected to enhance the company's financial standing, support its development plans, and improve operational performance.