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President Sisi announces new formation of sovereign fund’s general assembly

President Abdel-Fattah El-Sisi issued a new regulation on Monday, signaling the reconstitution of the General Assembly of the Sovereign Fund of Egypt.
05.12.23 | Source: Ahram Online

The reconstituted assembly includes Minister of Planning and Economic Development Hala El-Said, Minister of Finance Mohamed Maait, and a deputy governor of the Central Bank (CBE) as permanent members.


Additionally, the new assembly will also include non-permanent members who will serve for a period of four years.


These include including Sadeq Murad Wahba, an economic expert; Farouk Abdel-Baqi El-Oqda, former governor of the CBE; Hussein Hassan Shukri, chairman of HC Securities and Investment Company.


It also includes Hisham Mahmoud Okasha, the head of the National Bank of Egypt (NBE); Ziad Bahaa El-Din, former minister of international cooperation; and Tariq Qabil Abdel Aziz, former minister of industry.


Accelerating IPO programme

Established in 2018, the TSFE focuses on attracting local and foreign private investments to the country, including into state-owned assets.

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