Naeem Holding to launch first Egyptian real estate fund with EGP 1 bn investments

Naeem Holding to launch EGP 1 bn real estate fund: Naeem Holding for Investments received approval from the Egyptian Financial Supervisory Authority to establish what it says is Egypt’s first real estate fund with investments worth EGP 1 bn, the company said in an Egyptian Exchange filing. The fund targets investing in a diverse portfolio of real estate assets and would target further liquidity through stock exchange listings, Naeem Real Estate Fund CEO Alsherif Wahdan said.