Sovereign Fund of Egypt

Egypt expands IPO program with new companies and sales in Q1 2024

Tue, 12 Dec 2023 - 03:19 GMT

TFSE achieved significant milestones by concluding agreements to sell shares in state-owned companies, amounting to a total value of $2.5 billion

EBRD to possibly acquire minority stakes in 2 state-owned banks

Wed, 29 Nov 2023 - 12:23 GMT

Harmgart said that discussions are currently underway with The Sovereign Fund of Egypt (TFSE) to discuss the possibility of purchasing a minority stake in the United Bank and the Banque du Caire

Sovereign Fund of Egypt’s new board of directors meet for first meeting since reshuffle

Thu, 02 Nov 2023 - 12:46 GMT

The chairperson stressed TSFE’s dedication to creating opportunities for national and foreign investors while ensuring the rights of future generations

Egypt’s Sovereign Fund reportedly preparing MIDAR for 2024 IPO

Mon, 02 Oct 2023 - 05:05 GMT

The company was added to TSFE’s Pre-IPO fund earlier this year. According to sources, preparations for the potential IPO have begun but did not disclose further details

Sovereign Fund of Egypt seeks stronger co-op with private sector in development efforts

Thu, 01 Jun 2023 - 01:10 GMT

Increasing the private sector’s participation is a state priority, the Sovereign Fund of Egypt (TSFE) head was reported by local media as saying

PM follows up Egypt’s Sovereign Fund efforts to attract foreign, local investments

Tue, 18 Apr 2023 - 09:31 GMT

Prime Minister Mostafa Madbouli chaired a cabinet meeting on Tuesday to follow up on efforts exerted by The Sovereign Fund of Egypt (TSFE or the Fund) to attract foreign and local investments.

Presidential decree to transfer ownership of Misr Insurance Holding Company to Sovereign Fund of Egypt

Tue, 14 Mar 2023 - 05:43 GMT

MIHC was established on July 15, 2006 and is considered as one of the largest companies in the public business sector.

Egypt's sovereign fund secures LE25.5B investments in 2021, studies 44 projects worth LE140B

Sun, 18 Sep 2022 - 03:01 GMT

Soliman noted that these investments were pumped in sectors of utilities and infrastructure, tourism, real estate investment, antiquities development, financial services and digital transformation, education and industry.

In $1.3B deal: Saudi Public Investment Fund acquires minority stake in 4 Egyptian firms

Thu, 11 Aug 2022 - 09:03 GMT

The Sovereign Fund of Egypt (TSFE) made the announcement Wednesday.

PM follows up on Sovereign Fund of Egypt's plan to attract more investments

Thu, 14 Apr 2022 - 09:03 GMT

Prime Minister Mostafa Madbouli said the State is moving forward in adopting plans and proposals that would attract more domestic and foreign investments via ambitious programs meant to propel various economic sectors.

Sovereign Fund of Egypt intends to launch investment fund for education sector

Mon, 06 Dec 2021 - 04:55 GMT

Soliman stated, during the activities of the second day of the CEO Conference, Monday, that the fund owns a portfolio for the education sector with a current value of about LE 500 million.

Egypt's sovereign fund aims to increase investment portfolio to LE 22-23B

Mon, 06 Dec 2021 - 04:45 GMT

This came during the activities of the second day of the CEO Conference, Monday.

Egypt’s planning minister, World Bank delegation discuss future cooperation plan

Mon, 08 Nov 2021 - 01:52 GMT

The minister gave an overview of ongoing projects.

Volume of Sovereign Fund of Egypt to reach LE30B by end of 2022

Sun, 26 Sep 2021 - 01:59 GMT

Soliman indicated that the fund’s goal is to reach a volume of LE 30 billion by the end of next year 2022.

'Egypt’s Sovereign Fund made one exception of working on attracting investments to Africa’: CEO

Sun, 13 Jun 2021 - 09:45 GMT

That was in IPAs Africa Forum 1 held in Sharm El Sheikh on June 11-14.

Egypt's Sovereign Fund, EFG Hermes sign agreements for acquiring 76% of Arab Investment Bank

Thu, 20 May 2021 - 12:53 GMT

The acquisition will be structured as a capital increase that will increase the paid-in capital of the Bank to LE 5 billion, making it compliant with the regulatory requirements of the Egyptian Banking Law.

Egypt's Sovereign Fund subscribes to EFG Hermes’ Education Fund, partners up with GEMS to launch 2 Schools western Cairo

Wed, 31 Mar 2021 - 01:16 GMT

Minister of Planning and Economic Development Hala al-Said witnesses signing of MoUs between Sovereign Fund of Egypt on one hand and EFG Hermes and GEMS on the other hand. Press Photo

Acquisition deal of AiBank by EFG Hermes, Egypt's Sovereign Fund still not valued

Mon, 29 Mar 2021 - 04:01 GMT

This came in a statement issued by the company, Monday, in response to the stock market’s inquiries regarding the deal to acquire the financial group Hermes and Egypt's sovereign fund of a 76 percent stake in the Arab Investment Bank.