Sovereign Wealth Fund

Discussions bet. sovereign fund, Emirati companies to pump new investments in Egypt

Wed, 26 Oct 2022 - 03:52 GMT

This came during the celebrations of the 50th anniversary of the establishment of Egyptian-Emirati relations, organized by the two governments.

Egypt’s Sovereign Fund succeeds in attracting $2B in investments through EGX

Mon, 21 Mar 2022 - 02:50 GMT

El-Said added that details of those investments will be announced over the next few weeks.

EFG Hermes completes AIB's acquisition terms

Mon, 11 Oct 2021 - 02:26 GMT

The extraordinary general assembly of the Arab Investment Bank approved on Sunday, Oct. 10, the subscription of the company and the subsidiary fund to increase the bank's capital.

Egypt's SWF aims to maximize value of state's assets, preserve rights of future generations: Min.

Wed, 09 Dec 2020 - 05:58 GMT

El-Saeed clarified that there was a need to create a large economic entity capable of, through partnership with local and international companies and institutions.

Hermes, Wealth Fund seek purchasing Arab Investment Bank

Wed, 24 Jun 2020 - 12:35 GMT

Under the deal, Hermes will own not less than 51 percent of the bank's capital while the fund will own not less than 25 percent.

Saudi investors willing to take part in Egypt's Sovereign Fund: Min.

Mon, 09 Dec 2019 - 01:23 GMT

The investors are members of the Saudi Egyptian Business Council, Saeed noted. Similar meetings are set to be held with Emirati investors as well, she added.

Egypt’s sovereign fund seeks partnership with KSA, Kuwait, Oman

Thu, 21 Nov 2019 - 10:47 GMT

Soliman said the desired partnership could take many forms, including the establishment of investment funds and platforms.

Egypt, UAE establish investment platform worth $20 billion

Thu, 14 Nov 2019 - 10:27 GMT

The Egyptian Presidency on Thursday announced the establishment of a new joint strategic platform with the United Arab Emirates, with a value of $20 billion, through the Abu Dhabi Development Holding Company and Egypt’s Sovereign Wealth Fund.

Profile: Ayman Seliman named executive manager of Sovereign Fund

Thu, 03 Oct 2019 - 12:30 GMT

Seliman holds a Masters degree in International Business and Finance and a Bachelor's degree in Economics with a minor in Software Science from the American University in Cairo.

Egypt publishes framework of Sovereign Wealth Fund

Sun, 03 Mar 2019 - 02:34 GMT

Minister of Planning Hala el-Saeed said that the fund represents a sovereign investment fund wholly owned by Egypt

Sovereign wealth fund; mechanism to achieve sustainable development: Min.

Thu, 19 Jul 2018 - 02:00 GMT

The minister clarified that the fund is based on a partnership between the Egyptian government and the private sector.

Egypt discusses setting up sovereign fund for state companies

Mon, 05 Mar 2018 - 08:50 GMT

The idea of the fund is being discussed internally and is in its early stages, he told a conference in Dubai.