CEO of Egypt's $12 Billion Sovereign Wealth Fund Resigns

Ayman Soliman's Resignation

Ayman Soliman, the head of Egypt's $12 billion sovereign wealth fund, has reportedly resigned.

According to three sources, Soliman resigned on August 15, 2024.

Soliman was appointed CEO of the Sovereign Fund of Egypt (TSFE) in 2019.

During his tenure, he outlined an ambitious vision for the fund, aiming to unlock its potential.

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

The sources who provided information about his resignation did not disclose any specific reasons.

The impact of Soliman's resignation on TSFE remains to be seen.

The fund is currently overseeing a number of major investment projects in Egypt.

The Egyptian government has not yet commented on Soliman's resignation.

It is expected that the government will soon issue a statement addressing the matter.