Back to the complete issue
Sunday, 9 June 2019

Egypt’s SWF joins international wealth fund body

Egypt Wealth Fund joins international industry body: Egypt’s sovereign wealth fund has joined the International Forum of Sovereign Wealth Funds (IFSWF) as an associate member, the IFSWF said in a statement. Associate membership is granted for three years and will require the Egyptian fund to implement the Santiago Principles, which consist of 24 principles that promote transparency, good governance, accountability and prudent investment practices for SWFs. The membership sends “a positive message” to potential investment partners and can become a full membership later, Planning Ministry Hala El Said said in a statement.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2018 Enterprise Ventures LLC.