Al Naeem to launch new investment funds worth EGP 1bn in 2017
The company has recently completed the obtainment of the licensing for the first real estate investment fund in the Egyptian market
Mahmoud Abu Bakr
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Due diligence for RECAP and Wadi Degla partnership to be completed this year
Eman Sadek, the director of investor relations at RECAP Financial Investments—the real estate arm of Naeem Holding—said that the due diligence examination for a partnership with Wadi Degla Developments is set to be completed this year. The company announced the partnership in August 2016, yet procedures are not completed. Sadek noted that the due diligence …