CAIRO: Egypt’s central bank governor Tarek Amer has been appointed to a second four-year term, state media reported on Monday.
State-run newspaper Al Ahram cited an unnamed deputy central bank governor as confirming Amer’s reappointment. Akhbar Elyom, another state-run paper, also confirmed the news, citing unnamed banking sources.
Amer, whose term ends this week, was appointed in 2015 when Egypt was in a currency crisis. He helped oversee a three-year, IMF-backed reform program which included a sharp devaluation of the pound currency, the introduction of a value-added tax and the elimination of subsidies on most fuel prices.
![]()
Egypt’s central bank governor appointed for second term -state media
Egypt’s central bank governor appointed for second term -state media
- Amer was appointed in 2015 when Egypt was in a currency crisis
Saudi Public Investment Fund cuts US equity holdings to $12.9bn
RIYADH: Saudi Arabia’s Public Investment Fund reduced the value of its US-listed equity holdings to $12.9 billion at the end of the fourth quarter of 2025, down from $19.4 billion at the close of the third quarter, according to its latest filing with the US Securities and Exchange Commission.
The documents shows the sovereign wealth fund held positions in five companies: Lucid Group, Electronic Arts, and Uber Technologies, as well as Allurion Technologies and Claritev Corp. The stake in Allurion was reported as a warrant position.
The portfolio reshuffle comes as the Kingdom accelerates efforts to diversify its economy beyond oil under Vision 2030, with PIF playing a central role in deploying capital both domestically and abroad.
Changes in its US equity holdings are closely watched by investors as a signal of the fund’s shifting sector priorities and global allocation strategy.
The information table attached to the filing lists these five holdings as the entirety of the fund’s US-reportable equity positions for the period ended Dec. 31.
The filing no longer includes a position in Take-Two Interactive, which had previously been among the fund’s largest US investments.
A Schedule 13G/A disclosure filed in December outlined the reporting structure for the Take-Two stake, stating that PIF, as the sole owner of Savvy Games Group, and Savvy, as the sole owner of Saudi Fourth Investment Co., could be deemed to share voting and dispositive power over the shares held by Saudi Fourth.
Subsequent regulatory disclosures indicated that the Take-Two stake was transferred to Savvy, effectively removing it from PIF’s 13F-reported US holdings.
The shift contributed to the quarter-on-quarter decline in the total reported market value of the fund’s US equity portfolio.
PIF has emerged as a dominant force among global sovereign wealth funds, not only in scale but also in investment activity.
According to a report by research firm Global SWF, the fund ranked as the most active sovereign wealth fund worldwide in 2025, deploying approximately $36.2 billion in new investments over the year, a significant surge compared with prior periods and surpassing all other state-owned investors tracked by the firm.
Latest updates
Recommended
© 2026 SAUDI RESEARCH & PUBLISHING COMPANY, All Rights Reserved And subject to Terms of Use Agreement.