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Asharq Al-Awsat
Asharq Al-Awsat
Business
Cairo - Asharq Al-Awsat

Egypt Prepares to Issue its First Sovereign Sukuk

Egyptian Finance Minister during his meeting with a delegation from the First Abu Dhabi Bank on Monday, May 30, 2022. (Asharq Al-Awsat)

Egypt’s Finance Minister Mohamed Maait said his country is preparing to issue its first sovereign Sukuk (Islamic bonds) based on exclusively state-own assets.

In a statement published on the government’s official Facebook page on Tuesday, Maait said the state-ownership policy document includes a national strategy to empower the private sector and deepen its participation in economic activity.

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