Sovereign Fund of Egypt Experiences a Capital Base Increase
Posted on 11/07/2022
In late October 2022, the Sovereign Fund of Egypt had its assets increased by 15 billion to 16 billion Egyptian pounds (US$ 620 million to US$ 660 million). The issued capital of the fund has been fully covered at US$ 5 billion. The sovereign fund’s financing sources include a cash increase and an in-kind equity…
