Ahmed Abul-Saad, managing director of Azimut Egypt, revealed that the fund is awaiting final approvals from the Financial Regulatory Authority to launch it in the coming days, provided that its size is determined as soon as the subscription door closes.
The amount represents almost six times the preliminary targeted subscription, leading the company to increase the maximum fund’s limit to EGP 500m before the end of the subscription period.
Banque du Caire, Ahli United Bank will act as receiving banks for fund’s private placement
Acquisition considered one of most important in Egyptian capital market for years: Rasmala Egypt CEO
