Ayman Soliman Resigns from Egypt's $12 Billion Sovereign Wealth Fund
Recent News
Ayman Soliman, CEO of Egypt's $12 billion sovereign wealth fund, has resigned, according to three sources familiar with the matter.
Timeline of Events
- Soliman's resignation was reported in August 2024.
- Sources suggest the resignation occurred around the time of a ministerial reshuffle in Egypt.
- The news follows a period of economic turmoil in Egypt.
Reasons for Resignation
The specific reasons for Soliman's resignation have not been publicly disclosed.
Impact on the Fund
The fund, known as the Sovereign Fund of Egypt (TSFE), was established in 2018 to invest in strategic sectors of the Egyptian economy.
Future of the Fund
It remains to be seen how Soliman's departure will impact the fund's operations and investment strategy.
International Reactions
No international reactions to Soliman's resignation have been reported.
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