Arab Finance: The Sovereign Fund of Egypt (TSFE) is planning to raise its paid-up capital to exceed EGP 100 billion soon after adding the market value of 20 new assets, the fund’s CEO Ayman Soliman told Al Arabiya Business.
Additionally, the fund is considering launching three sub-funds for industry, agriculture, and education, Soliman said.
He added that the offering of water desalination plants under the first phase of Egypt's water desalination program via the TSFE will take place within the second quarter (Q2) of the current year.