The Ministry of Finance, through the Egyptian Financial Company for Sovereign Taskeek, succeeded in offering the first issuance of sovereign sukuk in the history of Egypt, with a value of 1.5 billion US dollars, which witnessed a remarkable turnout, as subscription requests amounted to about 6.1 billion US dollars, meaning that the subscription was covered more than four times. More than 250 investors applied in...

Within the framework of the company’s permanent cooperation with the Financial Regulatory Authority, Dr. Hassan Hafez El Kosary, CEO & Managing Director of the Egyptian Financial Company for Sovereign Taskeek (EFC-ST) participated in a sukuk workshop aimed at raising awareness of sukuk as a new financing tool, at the headquarters of the Financial Regulatory Authority and in cooperation with the Islamic Corporation for the Development of...

In the light of following up on everything new in various financing methods generally in the world and specifically the Middle East and North Africa region, Dr. Hassan Hafez, the CEO and Managing Director of the Egyptian Financial Company for Sovereign Taskeek, had responded to the invitation of the Islamic Development Bank in the Kingdom of Saudi Arabia to participate in the “Private Sector Forum...