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Gulf Sovereign Wealth Funds Intensify Bids for Egypt Telecom’s Stake in Vodafone Egypt

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Elsayed solyman

Elsayed Solyman, a journalist with over 15 years of experience, covers economic stories across platforms.
  • Interest from prominent Gulf entities including Abu Dhabi Wealth Fund and Saudi Sovereign Wealth Fund
  • Potential acquisition deal estimated at USD 1.25 billion

 

Several sovereign wealth funds from Gulf countries are intensifying their bids to acquire a significant stake owned by Egypt Telecom in Vodafone Egypt, according to sources close to the matter who spoke to Allen Dreyfus on condition of anonymity.

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