Largest sovereign wealth fund reduces its holdings in Egyptian equities

Investments by Norway’s sovereign wealth fund in companies listed on the Egyptian stock exchange decreased during 2024, reaching $100.3 million in 11 companies by the end of the year, compared to $134.6 million in 13 companies during 2023.

According to data published on its website, the investment portfolio of the Norwegian Pension Fund, the largest sovereign wealth fund in the world, in the shares of 89 Arab companies amounted to about $5 billion.

The UAE topped those countries, as the fund’s investments in its companies amounted to about $3.06 billion in 42 companies by the end of last year, compared to 36 companies with investments of $2.17 billion in 2023.