Egypt to restructure Sovereign Fund’s role to attract private investment: Minister

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Egypt is restructuring The Sovereign Fund of Egypt and its subsidiary funds to establish partnerships with the private sector and mobilize investments in priority sectors, allowing these funds to take minority stakes of 10% to 20% in selected investments.

Egypt is developing a new operating model for The Sovereign Fund of Egypt (TSFE)) and its subsidiary funds to expand partnerships with the private sector and mobilise investment in priority sectors, Investment and Foreign Trade Minister Mohamed Farid said. Farid said the funds could take minority stakes of between 10% and 20% in selected investments […] The post Egypt to restructure Sovereign Fund’s role to attract private investment: Minister first appeared on Dailynewsegypt.