Asset manager Azimut Egypt is targeting assets under management (AUM) exceeding EGP 50 billion by the end of 2026, supported by strong growth recorded during the first five months of the year, CEO Ahmed Abou El-Saad told Al Arabiya.

Egypt has recovered state assets valued at EGP 1.2 billion and allocated an additional EGP 1.4 billion for the treasury through the Asset Recovery and Seizure Management Authority, Minister of Finance Ahmed Kouchouk said.

Faisal Islamic Bank of Egypt (FAIT) reported a 9.2% year-on-year (YoY) increase in total business volume at the end of April 2025.

The sale of London-based Energean’s portfolio of gas-weighted exploration and production (E&P) assets in Italy, Egypt, and Croatia to the global investment firm Carlyle is expected to be completed by the end of 2024.

The Minister of Investment and Foreign Trade Hassan El-Khatib has met with members of The Sovereign Fund of Egypt (TSFE) to discuss ways to maximize returns on state-owned assets.

The global investment firm Carlyle Group has acquired assets of the Greek Energean PLC in Egypt, Italy, and Croatia.