Arab Finance: The Sovereign Fund of Egypt (TSFE) signed cooperation agreements with the Armed Forces National Service Projects Organization (NSPO) and a group of specialized local and global consulting firms, as per a statement.

The deals cover the restructuring and management of the initial public offerings (IPOs) of a number of NSPO's affiliated companies, as part of the government’s IPO program.

These companies include the National Petroleum Company, ChillOut, Silo Egypt for Food Industries, Safi, and the National Company for Roads Building and Development.

TSFE will restructure and manage the offering of Armed Forces-affiliated companies, with some of the IPOs scheduled to be completed in 2025, while the remaining will follow in 2026.

The financial advisors involved in the deal signing are EFG Hermes, CI Capital, with legal counsels including Adsero, Matouk Bassiouny, Grant Thornton, PwC, and Boston Consulting Group (BCG).

Prime Minister Mostafa Madbouly witnessed the signing ceremony, along with Minister of Investment and Foreign Trade Hassan El-Khatib. 

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