The first two companies belonging to the armed forces were put on the Egyptian Stock Exchange

Last February, Egypt's Sovereign Fund agreed with the National Service Projects Organization of the Armed Forces to invest in its companies, starting with the National Natural Water Bottling Company Safi and the National Petroleum Company, through Putting them to the private sector to invest in it as a first stage.

According to Arabnet, Hala Al-Saeed, Minister of Planning and Economic Development, and Chairman of the Board of Directors of Egypt's Sovereign Fund, said that the next stage is to put the two companies on the Egyptian Stock Exchange and are available to all Egyptians Owning its shares and investing in them through the stock exchange. Cooperation with the National Service Projects Authority in other companies will be announced successively.

and the minister clarified that the companies will be offered to the private sector according to conditions and controls that ensure that they achieve the highest returns for the Egyptian state and create real investment opportunities for the private sector in the first stage and be an opportunity For citizens to own shares in it and invest in its shares.

Egypt is seeking to put a number of companies affiliated with the National Service Authority on the Egyptian Stock Exchange, as part of steps to enhance the Egyptian capital market, in implementation of President Abdel Fattah El-Sisi's directives in this regard.

In the same context, Hala Al-Saeed said that the sovereign fund at the regional level has established an investment platform with the brothers in the UAE through the Abu Dhabi Holding Company, worth 20 billion dollars for investment. Subscriber in a variety of sectors and domains.

sovereign fund investments

And she continued: On the international level, the Fund signed last January on the sidelines of the British-African investment summit a memorandum of understanding between the Fund of Egypt and ACTIS Long Life, for joint investment in energy fields. And infrastructure.

The Minister of Planning and Economic Development said that the fund has established a group of sub-funds specialized in various fields, including a sub-fund for various health services, a sub-fund for infrastructure and infrastructure, and a sub-fund For financial services and digital transformation, in addition to a sub-fund for tourism and real estate investment.