The Planning Ministry and the House Planning and Budget Committee agreed Saturday on the final text of the legislation establishing the EGP200bn sovereign wealth fund, Al Mal reported. The amendments include exempting the fund from taxes for a renewable period of four years, in addition to clarifying what the state would consider an under-utilised asset. The House of Representatives’ Budget Committee reached an agreement yesterday with Finance Minister Mohamed Maait to tax only transactions with non-affiliates, Youm7 reported. The committee, which approved the legislation last week, also requested that the Cabinet add a minimum threshold for the fund’s dividends. It remains unclear when the legislation will be put up for debate at the House general assembly. Planning Minister Hala El Said had said the fund would launch by year-end.