Arab Finance: Egyptian Prime Minister Mostafa Madbouly has issued a resolution to increase The Sovereign Fund of Egypt’s (TSFE) authorized capital by EGP 200 billion to EGP 400 billion, the Middle East New Agency (MENA) reported, citing the official gazette.
Earlier in November, it was reported that TSFE’s authorized capital is expected to reach EGP 1 trillion from EGP 200 billion within three years.