Egypt Establishes $196m Industrial Investment Sub-Fund to Boost Exports
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Egypt establishes $196m industrial investment sub-fund to boost exports
RIYADH: Egypt has established a 10 billion Egyptian pounds ($195 million) industrial investment sub-fund to support export-oriented companies, deepen capabilities and increase local content. The vehicle, with initial paid-in capital of 500 million pounds, was established as a wholly owned sub-fund of the Sovereign Fund of Egypt under a board resolution issued by the Minister of Investment and Foreign Trade and SFE Chairman Mohamed Farid Saleh, a…
Egypt is developing a new tool to finance its industry. The board of directors of the Sovereign Fund of Egypt (TSFE) has approved the creation of a fund dedicated to industrial investment, with an authorized capital of 10 billion Egyptian pounds and a subscribed capital of 1 billion pounds. At its launch, 500 million pounds [...] The article Egypt is growing its industry with a new investment fund of 10 billion pounds appeared first on Managers.
Egypt launches industrial investment sub‑fund
The Ministry of Investment and Foreign Trade announced that Minister Mohamed Farid has approved the establishment of the Egypt Sub‑Fund for Industrial Investment as one of the sovereign wealth fund’s sub‑funds, with paid‑in capital of LE 500 million and authorised capital of LE 10 billions. The fund is designed to support export‑oriented industrial companies, aiming […]
The board of directors of Egypt's sovereign investment and development fund issued a decision to establish Egypt's industrial investment sub-fund, with a licensed capital of £10 billion and a source capital of £1 billion. The article on Egypt's sovereign fund establishes an industrial fund with a licensed capital of £10 billion written in the stock exchange.
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