What stage does The Sovereign Fund of Egypt invest at?

The Sovereign Fund of Egypt invests at the Late Stage stage.

Where is The Sovereign Fund of Egypt located?

The Sovereign Fund of Egypt is headquartered in Cairo, EG.

The Sovereign Fund of Egypt

Government fund

Cairo · Late Stage · 25 people tracked

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Investment thesis

TSFE is a sovereign investment fund focused on unlocking and maximizing the value of Egypt's state-owned assets. It operates a multi-sector strategy, partnering with private and institutional investors through joint ventures and equity partnerships. Its activity spans areas including education, hospitality, insurance, and infrastructure, working to attract domestic and foreign capital into Egyptian assets and to develop new investment opportunities alongside strategic partners.

Invests inEnergy Fintech Healthtech Impact & Social Good PropTechSector AgnosticTravel & Hospitality Africa Cairo Egypt Middle East & North Africa

Source: firm website, verified Aug 3, 2026.

Stage

Late Stage

Cairo, EG

Instruments

Equity

Founded

2018

Tracked investments

Team · 25 people

from the firm's website

Ahmad Kouchouk· Minister of Finance

Egypt's Minister of Finance appointed in July 2024 and former Vice Minister for Fiscal Policies; a professional economist with prior roles at the World Bank and as Egypt's IMF chief negotiator.

Ahmed Rostom· Minister of Planning and Economic Development

Economist with about 25 years of experience, including as a Senior Financial Sector Specialist at the World Bank and Assistant Minister of Investment of Egypt; holds a PhD in Economics from George Washington University.

Farouk El Okdah· Independent General Assembly Member

Former Governor of the Central Bank of Egypt (2003-2013) and former chairman and CEO of the National Bank of Egypt, with extensive international banking experience.

Hala Helmy Elsaid· Minister of Planning & Economic Development

Former Minister of Planning and Economic Development and prominent banking figure who served on the Central Bank's board and as Executive Director of the Egyptian Banking Institute.

Hassan El Khatib· Independent Board Member

Hesham Okasha· Independent General Assembly Member

Hossam Heiba· President, General Authority for Investment & Free Zones

Investment banker and direct investment professional with over 32 years of experience across banking, private equity, venture capital and advisory roles in numerous sectors.

Hussein Choucri· Independent General Assembly Member

Chairman and Managing Director of HC Securities & Investment; began his career at Morgan Stanley and serves on several Egyptian corporate boards.

Khaled Abdel Aziz Hegazy· Independent General Assembly Member

Lobna Hilal· Independent Board Member

Mohamed Aba Zeid· Representative of Ministry of Planning & Economic Development

Mohamed Abbas Fayed· Independent Board Member

CEO of First Abu Dhabi Bank in Egypt with 19 years in corporate banking spanning project finance, syndicated loans and restructuring.

Mohamed Ahmed Maait· Minister of Finance

Former Minister of Finance of Egypt and prior Vice Minister for Public Treasury Affairs, with a PhD in Actuarial Science from City University, London.

Mohamed Farid Saleh· Minister of Investment and Foreign Trade

Board member and representative of the Ministry of Investment; Chairman of Egypt's Financial Regulatory Authority and former Executive Chairman of the Egyptian Exchange, with extensive capital markets leadership experience.

Mostafa Madbouly· Prime Minister (Chair, General Assembly)

Prime Minister of Egypt and Chair of the TSFE General Assembly; former Minister of Housing and Urban Utilities and a UN-Habitat regional director, with a PhD in Urban Planning from Cairo University.

Neveen El Tahri· Independent Board Member

Serial entrepreneur with 40 years of financial and business experience and the first woman elected to the board of the Egyptian Stock Exchange; appointed to the Egyptian Parliament in 2021.

Nidal El-Kassem Assar· Independent Board Member

Rami Aboul Naga· Deputy CBE Governor

Deputy Governor of the Central Bank of Egypt and a member of the TSFE General Assembly.

Rania Al-Mashat· Board Member - Representative of the Ministry of Planning

Minister of Planning, Economic Development and International Cooperation with over 20 years of experience in central banking, monetary policy and climate finance, and prior roles at the IMF and the Central Bank of Egypt.

Sadek Wahba· Independent General Assembly Member

Chairman and Managing Partner of infrastructure investment manager I Squared Capital and former CEO of Morgan Stanley Infrastructure; a former World Bank economist with a PhD in economics from Harvard.

Tarek Kabil· Independent General Assembly Member

Tarek Tawfik· Independent Board Member

Vice Chairman of the Federation of Egyptian Industries and President of the American Chamber of Commerce in Egypt, with roles across multiple Egyptian business and investment bodies.

Waleid Gamaleldien· Representative of Ministry of Investment

Yehia Zaki· Independent Board Member

Consultant engineer in development and construction and former Chairman of the Suez Canal Economic Zone, with over 45 years of experience on major national projects.

Ziad Bahaaeldin· Independent General Assembly Member

What they invest in

from 2 of 3 portfolio companies

Advanced Manufacturing ×1EdTech ×1Hardware ×1Mobility & Transportation ×1

HQs:Egypt×2

Investments · 3 tracked

founders shown can be your intro path

Aibegyptaibegypt.com

Nericneric.com in

National Egyptian Railway Industries Company (NERIC) is a public-private joint venture building a rolling stock manufacturing and rehabilitation plant in the East Port Said Industrial Area of the Suez Canal Economic Zone.

Advanced ManufacturingHardwareMobility & TransportationCairo, EG

Ahmed Fikry Abdel Wahab(Managing Director / Chairman)

Selaheltelmeezselaheltelmeez.com

Selah El Telmeez is an Egyptian educational brand offering learning books, e-learning solutions, and educational content.

EdTech

Frequently asked questions

What stage does The Sovereign Fund of Egypt invest at?: The Sovereign Fund of Egypt invests at the Late Stage stage.
What sectors does The Sovereign Fund of Egypt focus on?: The Sovereign Fund of Egypt focuses on Energy, Fintech, Healthtech, Impact & Social Good, PropTech, Sector Agnostic, Travel & Hospitality.
Where is The Sovereign Fund of Egypt located?: The Sovereign Fund of Egypt is headquartered in Cairo, EG.

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