Egypt’s sovereign fund eyes cooperation with PIF

  • 4/5/2022
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RIYADH: The Sovereign Fund of Egypt seeks to bolster ties with Saudi Arabia’s Public Investment Fund to establish joint entities that can reach regional and global levels, the fund’s CEO told Al-Arabiya. Ayman Soliman said the Egyptian fund plans to invest in fintech and finance inclusion sectors in Saudi Arabia. “The cooperation aims to create bridges between Egypt’s sovereign fund and Saudi Arabia’s Public Investment Fund,” he added. The fund’s agreement with PIF includes identifying specific sectors for cooperation, Soliman explained.

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