Siula, NI Capital’s money market fund, was more than 21x oversubscribed when it closed yesterday, attracting EGP 1.075 bn of inflows, Planning Minister Hala El Said announced in a statement. The fund, launched in January, was supposed to close on 10 March but was shut three weeks early thanks to strong demand. The proceeds will be invested in liquid and short-term financial instruments including bonds, treasury bills, and bank deposits.

Other things we’re keeping an eye on this morning:

  • Our friends at CIB have earned two key two security certifications: The ISO-IEC 27001 certification for information security management, and the PCI-DSS 3.2 certification, which is the industry standard for payment card security.
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