Egypt sovereign fund appoints Noha Khalil new acting CEO

Khalil's appointment was announced during a TSFE board of directors meeting headed by Minister of Planning, Economic Development, and International Cooperation Rania Al-Mashat. 

The meeting witnessed the discussion of TSFE's independent and consolidated financial statements and the Accountability State Authority's (ASA) report.

During the meeting, the board of directors approved the TSFE budget certification before presenting it to the fund's general assembly.

TSFE was established in 2018 to contribute to sustainable development. 

In December 2023, President Abdel-Fattah El-Sisi issued a new regulation to reconstitute the TSFE's general assembly, under the chairmanship of Prime Minister Mostafa Madbouly.

Moreover, the planning and economic development ministry announced in 2023 that TSFE ranked 47th among the top 100 sovereign funds with holdings valued at $12 billion, per the public asset tracking agency Sovereign Wealth Fund Institute.