Ayman Soliman Resigns as Head of Egypt's Sovereign Wealth Fund

Background

Ayman Soliman, the head of Egypt's 12 billion sovereign wealth fund, has resigned, according to three sources familiar with the matter.

The sources told Reuters that Soliman submitted his resignation to the fund's board on Wednesday.

The resignation comes as the fund faces a number of challenges, including the COVID-19 pandemic and the ongoing war in Ukraine.

The reasons for Soliman's resignation are not yet clear.

However, some sources have speculated that he may have been unhappy with the government's handling of the fund.

Soliman had previously expressed concerns about the government's plans to sell off some of the fund's assets.

The resignation of Soliman is a significant blow to the fund.

He was seen as a key figure in the fund's development and had been instrumental in attracting investment.

His departure is likely to raise concerns about the fund's future.

The resignation of Ayman Soliman as head of Egypt's sovereign wealth fund is a significant development.

The reasons for his resignation are not yet clear, but it is likely to have a negative impact on the fund.