The Sovereign Fund of Egypt (SFE) has appointed specialized boards for itsfoursub-funds, said Planning Minister Hala El Said, according to a cabinet statement. The five-member boards will advise on the fund’s activities and asset management, and will serve renewable three-year terms.The General Assembly is expected to approve the sub-funds’ financial statements by the end of the year, El Said said. The sub-funds cover the healthcare, financial services, infrastructure, and tourism and real estate sectors, and were unveiled by the SFE in September.

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