CAIRO - 29 May 2022: The Sovereign Fund of Egypt had concluded about 6-7 agreements during the last period with a number of major investors in the field of green hydrogen production in Egypt, according to the Fund’s investment sector head, Abdallah El-Ebiary.
El-Ebiary added, during his speech at the sixth Portfolio Egypt 2022 conference, organized by Al Mal GTM under the title “Growth that defies risks,” that Egypt’s geographical location qualifies it to be one of the largest green hydrogen production and export centers in the world.
He pointed out that the fund continues to offer and create more new opportunities in the field of green hydrogen, especially as it has become one of the most important sectors in the world.
El-Ebiary said that the affiliated offering fund had begun examining a group of entities affiliated with the Ministry of Public Business Sector in preparation for offering part of their names on the Egyptian Stock Exchange.
He explained that the fund conducts many investigations with outside investors to present the companies' plans.
“The fund's primary role is to prepare the company for the offering process and try to attract capital to it, saying that work is underway to prepare and equip a number of companies in preparation for their listing on the Egyptian Stock Exchange (EGX),” he added.
El-Ebiary added that among those companies are National Co. for producing natural water (Safi) and Wataniya Petroleum, and they are scheduled to be listed on the Egyptian Stock Exchange (EGX) before the end of 2022.
He pointed out that work is underway on the legal and administrative restructuring of these companies, noting that it is too early to talk about their offering ratios.