Ayman Soliman Resigns as CEO of Egypt's Sovereign Wealth Fund

Resignation Announcement

Ayman Soliman, the CEO of Egypt's Sovereign Fund of Egypt (TSFE), has resigned from his position.

Soliman's resignation was confirmed by three sources familiar with the matter.

The reasons for Soliman's resignation are not yet clear.

However, it is worth noting that Soliman's resignation comes at a time when Egypt is facing a number of economic challenges.

The country's economy has been hit hard by the COVID-19 pandemic, and the government is facing pressure to implement austerity measures.

The TSFE is a sovereign wealth fund that was established in 2018.

The fund manages approximately $12 billion in assets, and it is one of the largest sovereign wealth funds in the Middle East.

The TSFE is responsible for investing in a variety of projects, including infrastructure, healthcare, and education.

Soliman's resignation is likely to have a significant impact on the TSFE.

Soliman was a key figure in the fund's development, and his departure could lead to uncertainty about the TSFE's future.

The government will need to move quickly to appoint a new CEO for the TSFE in order to minimize the impact of Soliman's resignation.