Bank Audi could invest alongside Egypt’s SWF

Bank Audi yesterday discussed potential investments with the Sovereign Fund of Egypt, Al Mal reports, without providing further details. The EGP 1 tn fund was officially launched last month by CEO Ayman Soliman. It has agreed to set up a USD 20 bn investment fund with the UAE, and is expected to finalize talks with the Oman Investment Fund over a similar venture in the coming weeks.