A new (temporary) face at the helm of the SFE: The Sovereign Fund of Egypt’s (SFE) board has appointed Noha Khalil (LinkedIn) as acting CEO of the fund, following the resignation of Ayman Soliman who headed the fund since 2019, according to a Planning and International Cooperation Ministry statement. Khalil has been with the SFE since 2020, first joining the fund as chief IR officer before moving up the ranks to chief strategy and business development officer in 2023.

What’s next? Khalil will assume the role until the procedures for appointing a new CEO are completed.

AND- El Sheikh secures a second term as EGX head: Prime Minister Moustafa Madbouly has reappointed Ahmed El Sheikh (LinkedIn) as the chairman of the Egyptian Exchange (EGX) for another one-year term starting 26 August, according to a statement by the bourse. An EGX veteran, El Sheikh first joined the bourse in 1993 and became vice chairman in 2018. El Sheikh was also at the Financial Regulatory Authority for six years from 2005-2011 and briefly worked at Misr for Central Clearing, Depository, and Registry in the ‘90s.

The second in command? Heba El Serafi (LinkedIn) has also been reappointed as the vice chairman of the EGX, a position she has held since August 2022. El Serafi has been with the EGX for over 25 years.

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