Misr Financial Investments to launch EGP 1 bn investment fund

Banque Misr’s investment arm, Misr Financial Investments, is planning to launch a EGP 1 bn investment fund during the coming months, the fund’s Managing Director Atef El Mahmoudi told Hapi Journal. Misr Financial Investments will hold a 10% stake in the fund, he said, adding that the prospectus has already been submitted to the Financial Regulatory Authority.