Egypts Sovereign Fund

Egypt's sovereign sub-fund for education to establish an investment company

Tue, 25 Jun 2024 - 03:11 GMT

The newly formed company will be responsible for overseeing three government-owned buildings in Cairo, one of which is associated with a private university located in the downtown area.

Egypt's Sovereign Fund secures 20% ownership in Care Pharmacies

Mon, 10 Jun 2024 - 04:35 GMT

As part of this deal, the Sovereign Fund has gained ownership of 45 pharmacies, which make up a significant portion of the total 220 branches operated by Care Pharmacies across Egypt.

Egypt to establish Fund of assets for IPO worth $4B

Tue, 07 Jun 2022 - 06:38 GMT

The CEO of the Sovereign Fund of Egypt revealed that the value of the portfolio ranges between $3 billion and $4 billion, with the aim of raising it to more than $5 billion or $6 billion.

Egypt's Sovereign Fund aims to establish entities with Saudi public investments

Mon, 04 Apr 2022 - 02:30 GMT

Soliman added, in a TV interview, Monday, that Siemens stations and the National Petroleum Company are one of the options for investment before the Saudi Public Investment Fund.

Egypt’s Sovereign Fund joins One Planet Sovereign Wealth Funds Initiative

Wed, 06 Oct 2021 - 11:33 GMT

The initiative includes about 18 sovereign funds around the world working together to integrate hedging against climate change risks into the investment decision-making process.

Fair value of "AiBank" in Hermes - Egypt's sovereign fund deal reaches LE 1.1B

Wed, 14 Apr 2021 - 01:49 GMT

EFG Hermes' share in the bank will become 51 percent, and the share of Egypt's sovereign fund through the Egypt Financial Services and Digital Transformation Sub-Fund, which is wholly owned by it, is 25 percent, while the National Investment Bank maintains 24 percent after the increase capital.