Hisham Moussa

The Sovereign Fund of Egypt

The Sovereign Fund of Egypt was established in 2018 to attract private investments to Egypt and promote and co-invest in state-owned assets to maximize their value and efficiency for the Egyptian economy. The Fund is independently managed, through senior executives from the private sector, seeking to select investable assets from public stakeholders to promote and co invest in with local and foreign specialized and financial partners to create value, increase the private sector's role in the economy and create jobs for Egypt's young population. The Fund's clout, acting through its special law, allows it to unlock unique assets for investors and engage the government to help implement structural reforms, ultimately increasing diversified economic growth. The Sovereign Fund of Egypt operates in accordance with globally accepted best practices in all respects, from its clear and disciplined investment focus to its governance. The Fund is overseen by a board of directors as well as a general assembly, both bodies having majority private sector members. The Sovereign Fund of Egypt was established in accordance with Law 177 of 2018; its articles of association were published in February 2019 by Prime Ministerial Decree 555 of 2019.