The Endowments Ministry is considering launching two investment funds with a combined capital of EGP 3 bn that would rise gradually to EGP 10 bn over two years, Minister Mohamed Gomaa said, Amwal Al Ghad reports. We had heard earlier this year that the ministry had tapped EFG Hermes, Beltone, and CI Capital to help restructure its asset portfolio, which has been initially valued at EGP 800 bn and includes real estate and land in Greece. The ministry had also expressed interest in investing EGP 1 bn in the EGX this year.

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