{"id":686704,"date":"2026-02-26T00:00:00","date_gmt":"2026-02-26T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2026\/02\/26\/state-mulls-transfer-of-major-companies-to-sovereign-fund-of-egypt\/"},"modified":"2026-02-26T00:00:00","modified_gmt":"2026-02-26T00:00:00","slug":"state-mulls-transfer-of-major-companies-to-sovereign-fund-of-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2026\/02\/26\/state-mulls-transfer-of-major-companies-to-sovereign-fund-of-egypt\/","title":{"rendered":"State mulls transfer of major companies to Sovereign Fund of Egypt"},"content":{"rendered":"

Good afternoon, ladies and gentlemen, and congratulations on making it to the <\/strong>weekend.<\/strong> It\u2019s been a slow week in the press, and this afternoon is no exception. In today\u2019s issue, we break down the Ramadan season\u2019s commercials and take a look at one of the month\u2019s most polarizing series. <\/p>\n

So, when do we eat?<\/strong> Maghrib prayers are at 5:52pm in the capital, and you\u2019ll have until 4:57am tomorrow to hydrate and caffeinate ahead of fajr.<\/p>\n

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THE BIG STORY TODAY-<\/p>\n

\ud83d\udccd The government is mulling the transfer of several major state-owned companies to the Sovereign Fund of Egypt (TSFE)<\/strong>, a government source told EnterpriseAM. The move is part of a broader strategy to restructure state-owned companies to boost returns. <\/p>\n

Who is involved?<\/strong> The firms include Egypt Aluminum, Mopco (Misr Fertilizers Production Company), Abu Qir Fertilizers, CID Pharmaceuticals, Misr Fertilizers, Zahraa Maadi for Investment and Development, and Heliopolis Housing.<\/p>\n

The plan:<\/strong> The source revealed that transferring the firms to the fund would attract higher-value partnerships compared to separate offers for the companies themselves. By centralizing these firms under TSFE, the state aims to secure 50% of their annual revenues, generating up to EGP 20 bn starting with the new budget. These funds would be directed toward reducing public debt and lowering interest payments.<\/p>\n

^^ Read the full story and more details in Sunday\u2019s edition of EnterpriseAM.<\/p>\n

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THE BIG STORY ABROAD-<\/p>\n

\ud83c\udf10 Nvidia\u2019s latest earnings report is still making headlines as investor reactions prove lukewarm in the face of better-than-expected results.<\/strong> Despite posting record quarterly revenue of USD 68.1 bn for October-December 2025, the company\u2019s shares finished up only 0.2% higher in extended trading. Investors have been used to solid revenue beats from the company over the last five years, and positive results weren\u2019t enough to push the stock higher or calm fears around the current AI infrastructure boom. The concern lies in how Nvidia can maintain its growth momentum while spending is flowing into AI-related capex.<\/p>\n

^^Read more on CNBC<\/a>, Bloomberg<\/a>, Reuters<\/a>, the Financial Times<\/a>, and the Guardian<\/a>.<\/p>\n

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