El-Sisi transfers ownership of several assets to sovereign fund

Cairo – Mubasher: The Egyptian President Abdel Fattah El-Sisi issued a decree to transfer the ownership of some state-owned assets to the Sovereign Fund of Egypt.

These assets include Tahrir Complex, the Ministry of Interior’s old headquarters, the land plot of the dissolved National Democratic Party’s headquarters, El-Andalus Garden in Tanta, and the land plot of the Cosmic Village in 6th of October City.

The sovereign fund announced the establishment of four new sub-funds with an authorised capital of EGP 30 billion each.

Mubasher Contribution Time: 03-Sep-2020 14:10 (GMT)
Mubasher Last Update Time: 03-Sep-2020 14:14 (GMT)