Egypts Sovereign Fund
The newly formed company will be responsible for overseeing three government-owned buildings in Cairo, one of which is associated with a private university located in the downtown area.
As part of this deal, the Sovereign Fund has gained ownership of 45 pharmacies, which make up a significant portion of the total 220 branches operated by Care Pharmacies across Egypt.
The CEO of the Sovereign Fund of Egypt revealed that the value of the portfolio ranges between $3 billion and $4 billion, with the aim of raising it to more than $5 billion or $6 billion.
Soliman added, in a TV interview, Monday, that Siemens stations and the National Petroleum Company are one of the options for investment before the Saudi Public Investment Fund.
The initiative includes about 18 sovereign funds around the world working together to integrate hedging against climate change risks into the investment decision-making process.
EFG Hermes' share in the bank will become 51 percent, and the share of Egypt's sovereign fund through the Egypt Financial Services and Digital Transformation Sub-Fund, which is wholly owned by it, is 25 percent, while the National Investment Bank maintains 24 percent after the increase capital.
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