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The Sovereign Fund of Egypt

Government fund

Cairo · Late Stage · 25 people tracked

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Investment thesis

TSFE pursues a multi-sectoral strategy executed through affiliate sub-funds, each with dedicated governance, legal structures, and investment processes led by industry professionals. It seeks sustainable long-term financial returns via a diversified, risk-optimized portfolio while delivering socioeconomic impact. The fund aims to catalyze investment in Egypt's priority sectors from local, regional, and international investors, unlocking value through operational improvement and greenfield/brownfield development. It prioritizes assets with strong value-creation potential under private ownership and aims to grow local champions into regional and global players, eventually exploring commercial opportunities abroad. ESG considerations mapped to IFC and EBRD standards and alignment with UN SDGs and Egypt's 2030 vision are embedded throughout.

Source: firm website, verified Aug 2, 2026.

Stage
Late Stage
HQ
Cairo, EG
Instruments
Equity
Founded
2018

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

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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