Misr Capital Investments looks to launch first direct investment fund by year-end

Banque Misr’s investment arm Misr Capital Investments is planning to launch its first private equity fund before year-end and is mulling investing in the technology sector, CEO and Managing Director Khalil El Bawab and COO Omar Radwan tell Al Mal. The new management is embarking on a project to turn Misr Capital into a full-fledged investment bank by acquiring financial advisory and brokerage licenses, and expanding existing businesses. In the long term, the company plans to expand in Africa and the Middle East.