The Sovereign Fund of Egypt (SFE) has selected Wataniya Petroleum, a subsidiary of the National Service Products Organization (NSPO), to be offered to private sector investors as a first stage and then will be offered in the Egyptian bourse where all Egyptians can invest in them, Minister of Planning and Economic Development and SFE Chairperson, Hala El-Said, stated.

 El-Said added that other companies will soon be offered to the private sector as well with conditions to ensure the highest returns for the state and create investment opportunities for the private sector.

Ayman Soliman, CEO of SFE, stated that the main purpose of the SFE is to create investment opportunities in Egypt’s untapped assets. It should be noted that SFE and NSPO signed a cooperation agreement in February to offer some of NSPO’s subsidiaries to private investors.