The “Egypt Sovereign Fund” has joined the list of the 50 largest global sovereign funds, according to the latest update of sovereign wealth funds published by the “SWF institute”, and viewed by Al Arabiya.net.
And the “sovereign Egypt”, which was established in 2018, ranked 47th in the world in the list, and the 12th in the Arab world, with assets under management amounting to $ 12 billion.
Egypt’s previous sovereign fund was ranked 77 in the world, as the fund was established and received transfers worth $2 billion.
Meanwhile, the Saudi Public Investment Fund added about $80 billion to its assets, rising to the sixth rank in the world, with total assets of $776 billion.
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