ArabFinance: Saudi Arabia’s Public Investment Fund is considering investing in Egypt's sovereign wealth fund as well as other projects, according to a November 4th statement.

The announcement came during Saudi State Minister Issam bin Saad's meeting with Prime Minister Moustafa Madbouly and CEO of the Sovereign Fund of Egypt (TSFE) Ayman Soliman.

The KSA-based investment fund is currently studying a number of proposals submitted by TSFE, the statement said, without mentioning any further details.

The TSFE earlier established four sub-funds covering different sectors, with the first sub-fund was launched in September.

 

 

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