2024-08-27 11:01:00
02:01 PM
Tuesday, August 27, 2024
Written by Manal Almasri:
Noha Rushdi Khalil, Head of Strategy and Business Development, serves as Acting Executive Director of the Egyptian Sovereign Fund, succeeding previous Director Ayman Soliman until the appointment of a new Executive Director The program is completed.
The Ministry of Planning, Economic Development and International Cooperation said today that the decision to appoint Noha Khalil was taken by the Egyptian sovereign fund’s board of directors after Ayman Soliman, executive director of the Egyptian sovereign fund, submitted his resignation notice last June. After managing the fund for 5 years.
The Egyptian Sovereign Fund has approximately US$12 billion in assets under management. The fund was established six years ago and is committed to promoting investment opportunities in some state-owned assets to the private sector, whether local or foreign investors.
According to today’s statement, the Board of Directors of Egypt’s Sovereign Investment and Development Fund directed the need to strengthen the attraction of foreign investment by expanding partnerships with Egypt and promote the implementation of state ownership policy documents.
Who is Noha Khalil, acting executive director of Egypt’s sovereign fund?
Some describe Noha Khalil as the “Iron Lady” because of her strong character, ability to work under any pressure until the target plan is implemented, and because she understands every detail and detail related to the work of the fund.
According to some brief messages posted by Noha Khalil on her LinkedIn page, Noha Khalil has been working at the Egyptian sovereign fund for about five years. A year and a half ago, she served as the head of the strategy and business development department of the Egyptian sovereign fund.
Previously, she served as chief investor relations officer at Egypt’s sovereign fund for more than three years.
From 2012, Khalil served as executive vice president of Accelero Capital until 2020, then went to work for the Egyptian sovereign fund.
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