Acumen-BPE’s real estate fund has secured investments of over EGP 250 mn, Chairman Hany Tawfik said, Al Mal reported. The fund is planning to attract EGP 500 mn and was scheduled to begin marketing the Housing and Development Bank’s real estate fund last year but faced delays.
More from Enterprise
AI in Egyptian banking is “in its infancy,” and the pause is deliberate
Bankers say the rules aren’t written yet. Data center builders…
Banks threaten to look beyond London as windfall tax talk grows
International lenders say more tax could tip the balance as…
EFG has three more IPOs lined up before year-end, including one hefty offering
Group CEO Karim Awad credits the central bank’s decision to…
Egyptian-UK fintech Zeal raises USD 10 mn to back expansion plans
The London-based, Egyptian-founded fintech is preparing to activate its loyalty…