The Sovereign Fund of Egypt (TSFE) has invited investment banks and specialised financial institutions to submit technical and financial bids to manage the sale of a stake of up to 20% in Misr Life Insurance, the Ministry of Investment and Foreign Trade said. Misr Life Insurance is wholly owned by the Misr Insurance Holding Company, which falls under the sovereign fund. Misr Life Insurance holds an approximate 22% share of the life insurance market in Egypt. Interested investment banks must submit an introductory profile and their track record to [email protected] by March 8, 2026, for an initial internal review. The sovereign fund noted that the submission of an introductory profile does not constitute automatic acceptance or final qualification for the process, and the fund is not obligated to send an NDA to all applicants.

Source: Daily News Egypt March 04, 2026 16:08 UTC