{"id":639939,"date":"2024-08-18T00:00:00","date_gmt":"2024-08-18T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/18\/sfe-head-ayman-soliman-resigns\/"},"modified":"2024-08-18T00:00:00","modified_gmt":"2024-08-18T00:00:00","slug":"sfe-head-ayman-soliman-resigns","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/18\/sfe-head-ayman-soliman-resigns\/","title":{"rendered":"SFE head Ayman Soliman resigns"},"content":{"rendered":"

The Sovereign Fund of Egypt will soon be under new management:<\/strong> The Sovereign Fund of Egypt (SFE) CEO Ayman Soliman has resigned from his post, according to media reports, citing anonymous sources they say are familiar with the matter (here<\/a>, here<\/a>, and here<\/a>). Soliman reportedly submitted his resignation ahead of the cabinet shuffle<\/a> that took place in July and a draft law that was sent to the House to propose putting the fund under the purview of the prime minister\u2019s office, one source told Asharq Business<\/a>.<\/p>\n

Soliman was appointed to head the fund in 2019 for a three-year term,<\/strong> which was then extended. \u201cWith the reshuffle, Egypt wanted to present a fresh image, and that meant Soliman had to step down,\" one unnamed source told Reuters<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Soliman submitted his resignation prior to the cabinet shuffle<\/p>\n","protected":false},"author":1,"featured_media":639940,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7231],"tags":[369,72,206,370],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-639939","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-moves","tag-ayman-soliman","tag-enterpriseam","tag-moves","tag-sovereign-fund-of-egypt","wpautop","entry"],"acf":{"mongo_id":"c4e8cb4c-e43a-4562-a03b-b78356589852","order":"9","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/8\/1484.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Sovereign Fund of Egypt CEO Ayman Soliman resigns","related_issue":[639923],"teaser":"Soliman submitted his resignation prior to the cabinet shuffle","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/8\/.3290c70c-906a-4c75-be2e-1c67e3e41507.mp3"},"yoast_head":"\nSFE head Ayman Soliman resigns - 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The fund will invest in tech essential to high-growth sectors, manufacturing and sustainable development, Soliman said, without disclosing a target value for the fund or providing further details.The SFE is also\u2026","rel":"","context":"In "Investment Watch"","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":570283,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/25\/sovereign-fund-of-egypt-to-prepare-low-risk-ventures-for-investors-post-covid\/","url_meta":{"origin":639939,"position":1},"title":"Sovereign Fund of Egypt to prepare low-risk ventures for investors post-covid","author":"enterpriseam admin","date":"25 March 2020","format":false,"excerpt":"The Sovereign Fund of Egypt (SFE) is preparing a list of potential low-risk investments to present to investors after the covid-19 outbreak has been contained to restore confidence in the Egyptian economy, SFE CEO Ayman Soliman tells Al Mal. The negative impact of the pandemic on the economy will push\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":571635,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/05\/19\/sovereign-fund-of-egypt-is-putting-healthcare-and-pharma-storage-at-the-forefront-of-its-sub-fund-plans-amid-covid-19\/","url_meta":{"origin":639939,"position":2},"title":"Sovereign Fund of Egypt is putting healthcare and pharma storage at the forefront of its sub-fund plans amid covid-19","author":"enterpriseam admin","date":"19 May 2020","format":false,"excerpt":"Sovereign Fund is putting healthcare and pharma storage at the forefront of its sub-fund plans amid covid-19: The covid-19 pandemic has prompted the Sovereign Fund of Egypt (SFE) to recalibrate its priorities for the sub-funds it plans to set up, with healthcare and logistics for the pharma industry currently coming\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":593672,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/07\/ayman-soliman-tapped-as-chief-executive-of-egypts-sovereign-wealth-fund\/","url_meta":{"origin":639939,"position":3},"title":"Ayman Soliman tapped as chief executive of Egypt\u2019s sovereign wealth fund","author":"enterpriseam admin","date":"7 October 2019","format":false,"excerpt":"MOVES- Habemus SWF chief executive: The board of directors of Egypt\u2019s EGP 200 bn sovereign wealth fund tapped Ayman Soliman (LinkedIn) as the fund\u2019s new chief executive on Thursday, according to a statement (pdf). Soliman, who will be at the helm of the SWF for a three-year term, was most\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":568100,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/17\/sfe-hits-egp-26-bn-milestone\/","url_meta":{"origin":639939,"position":4},"title":"SFE hits EGP 26 bn milestone","author":"enterpriseam admin","date":"17 December 2020","format":false,"excerpt":"The Sovereign Fund of Egypt (SFE) now has nearly EGP 26 bn in assets under management (AUM), SFE CEO Ayman Soliman told CNBC Arabia in an interview (watch, runtime: 16:00). The fund\u2019s portfolio of owned assets has separately reached EGP 13 bn, Soliman said, without naming any of the assets.The\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/enterpriseam.com\/egypt\/category\/economy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/12\/308.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":553604,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/09\/sfe-is-pushing-ahead-with-siemens-stake-sale-privatizing-military-businesses\/","url_meta":{"origin":639939,"position":5},"title":"SFE is pushing ahead with Siemens stake sale + privatizing military businesses","author":"enterpriseam admin","date":"9 December 2021","format":false,"excerpt":"Updates on the Siemens power plants + military companies\u2019 privatization from the SFE: The Sovereign Fund of Egypt (SFE) and the Electricity Ministry are nearly done with studies on how best to move forward with a stake sale in the Siemens \/ Orascom Construction \/ Elsewedy Electric combined-cycle power plant,\u2026","rel":"","context":"In "Privatization"","block_context":{"text":"Privatization","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/privatization-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/639939","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=639939"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/639939\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/639923"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/639940"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=639939"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=639939"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=639939"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=639939"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=639939"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}