DNE has written earlier about the PIF’s plan to invest in Egyptalum, as a strategic investor, by taking part in increasing the company’s capital. It aims to maintain its current production capacity at a rate of 320,000 tonnes annually.
Minister of Planning and Economic Development Hala El-Said, Chairperson of the Board of Directors of the Egypt Sovereign Fund Ayman Soliman, and Essam bin Saad bin Saeed — the Saudi Minister of State and Member of the Council of Ministers for Shura Council Affairs — signed the agreement.
Ministry of Finance meets needs of health sector to confront pandemic, with EGP 56bn allocations
