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Ayman Soliman

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Egypt Sovereign Wealth Fund to Raise Authorized Capital to up to $62.15 Billion
November 13th, 2019 - 07:51 GMT

Egypt Sovereign Wealth Fund to Raise Authorized Capital to up to $62.15 Billion

Egypt's sovereign wealth fund is expected to increase its authorized capital to up to a trillion Egyptian pounds ($62.15 billion) from 200 billion pounds within three years, depending on investors' appetite, the fund's executive director said. {"preview_thumbnail":"https://cdn.flowplayer.com/6684a05f-6468-4ecd-87d5-a748773282a3/i/v-i-2…","video_id":"2f074372-b3fa-4f9f-8191-57992d2241ce","player_id":"8ca46225-42a2-4245-9c20-7850ae937431","provider":"flowplayer","video":"10 Highest Average Cappuccino Prices Around the World"} Last year, Egypt's parliament passed a law allotting 5 billion Egyptian pounds of start-up capital for the fund, called the Egypt Fund, with 1 billion pounds ...
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