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Company type | Sovereign wealth fund |
---|---|
Industry | Investment |
Founded | 2018 |
Headquarters | , |
Key people | Ayman Soliman (CEO)[1] Hala el-Said (chairman)[2] |
Total assets | 12 billion $[3] |
Owner | Egypt |
Website | tsfe |
The Sovereign Fund of Egypt (Arabic: صندوق مصر السيادي) is a Sovereign wealth fund, owned by the Arab Republic of Egypt,[4] Its established in 2018 by Law No. 177 of 2018 and amended by Law No. 177 of 2020,[5] with the aim of contributing to the financial economic development of Egypt through the management of funds and assets owned or transferred to it, as well as investing in many different economic activities.
The Fund's Board of Directors consists of a non-executive chairman who is the Minister of Planning and Economic Development, the membership of the executive director of the Fund, and representatives from the Ministry of Planning, Ministry of Finance, the Central Bank of Egypt, and the General Authority for Investment and Free Zones, in addition to seven independent members with experience.[6]
The Sovereign Fund of Egypt includes four affiliated subfunds operating in many fields, In 2020, The Sovereign Fund of Egypt ranked 43rd among 93 sovereign wealth funds globally in terms of asset size in a set of rankings created by the Sovereign Wealth Fund Institute,[7][8] The capital of the fund is about 11.2 billion US dollars.[9]
The Sovereign Fund of Egypt is included on four affiliated sub-funds:[10]