Omani infrastructure fund raises USD 1 bn: Rakiza — an infrastructure fund based out of Oman and backed by the Saudi sovereign wealth fund — raised more than USD 1 bn for its first close, it said in a statement (pdf) yesterday. The fund has already invested 25% of its capital in three projects in Oman and is close to completing several others. Rakiza last year received USD 300 mn from Saudi Arabia’s Public Investment Fund (PIF) and USD 50 mn from the Asian Infrastructure Investment Bank.

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THE CLOSING BELL-

The EGX30 rose 2.7% at yesterday’s close on turnover of EGP 1.62 bn (22.1% below the 90-day average). Foreign investors were net sellers. The index is up 5.0% YTD.

In the green: Sidi Kerir Petrochemicals (+9.5%), Ezz Steel (+8.4%) and Elsewedy Electric (+7.3%).

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