{"id":593913,"date":"2019-10-14T04:00:01","date_gmt":"2019-10-14T04:00:01","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/14\/azimut-to-set-up-egypt-focused-equity-fund-before-end-of-2019\/"},"modified":"2019-10-14T04:00:01","modified_gmt":"2019-10-14T04:00:01","slug":"azimut-to-set-up-egypt-focused-equity-fund-before-end-of-2019","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/14\/azimut-to-set-up-egypt-focused-equity-fund-before-end-of-2019\/","title":{"rendered":"Azimut to set up Egypt-focused equity fund before end of 2019"},"content":{"rendered":"

<\/a> Azimut to set up Egypt-focused equity fund:<\/b> Italy-based asset manager Azimut Group has completed the procedures to establish a fund to invest in publicly-traded Egyptian companies, Managing Director Ahmed Abu Saad told the local press<\/a>. The fund will be based in Luxembourg, and is expected to launch before the end of 2019, Abu Saad said. Azimut in August<\/a> completed the acquisition of 100% of Rasmala Egypt Asset Management (REAM) from its parent company Rasmala Group for EGP 211.3 mn.<\/p>\n

Correction: 14\/10\/2019.<\/em><\/p>\n

A previous version of this article incorrectly stated that Azimut were establishing a private equity fund.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Azimut to set up Egypt-focused equity fund: Italy-based asset manager Azimut Group has completed the procedures to establish a fund to invest in publicly-traded Egyptian companies, Managing Director Ahmed Abu Saad told the local press. The fund will be based in Luxembourg, and is expected to launch before the end of 2019, Abu Saad said. […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[5879,72,7087,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-593913","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-azimut-group","tag-enterpriseam","tag-finance","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"4a34832d-e0a7-4669-8f73-6ad300d50122","is_powered_by":true,"section_story_id":"36bed417-81d3-421d-a4f4-040c89c7b325","story_type":"1","photo_url":"","photo_position":"above","related_issue":[593901],"teaser":"","voice_url":""},"yoast_head":"\nAzimut to set up Egypt-focused equity fund before end of 2019 - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/10\/14\/azimut-to-set-up-egypt-focused-equity-fund-before-end-of-2019\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Azimut to set up Egypt-focused equity fund before end of 2019\" \/>\n<meta property=\"og:description\" content=\"Azimut to set up Egypt-focused equity fund: Italy-based asset manager Azimut Group has completed the procedures to establish a fund to invest in publicly-traded Egyptian companies, Managing Director Ahmed Abu Saad told the local press. 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REAM, one of Egypt\u2019s largest independent asset managers, will\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":592151,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/29\/azimut-to-launch-its-egypt-oriented-fund-in-february\/","url_meta":{"origin":593913,"position":3},"title":"Azimut to launch its Egypt-oriented fund in February","author":"enterpriseam admin","date":"29 December 2019","format":false,"excerpt":"Azimut to launch USD 10 mn Egypt-focused equity fund in February: Italy-based asset manager Azimut will launch a fund to invest in Egyptian equities in February 2020, Managing Director Ahmed Aboul Saad told the local press. The USD 10 mn fund will be launched in Luxemburg and will focus on\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":572652,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/05\/italian-asset-manager-azimut-launches-egypt-focused-equity-fund\/","url_meta":{"origin":593913,"position":4},"title":"Italian asset manager Azimut launches Egypt-focused equity fund","author":"enterpriseam admin","date":"5 July 2020","format":false,"excerpt":"Azimut launches its Egypt-focused equity fund: Italy-based asset manager Azimut has launched AZ Equity-Egypt, a fund that will invest in Egyptian equities headquartered in Luxembourg, according to a press release. Managing Director Ahmed Aboul Saad said last year that the fund would launch with USD 10 mn in capital. AZ\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":562275,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/18\/azimut-egypt-is-rolling-out-a-new-equity-fund\/","url_meta":{"origin":593913,"position":5},"title":"Azimut Egypt is rolling out a new equity fund","author":"enterpriseam admin","date":"18 May 2021","format":false,"excerpt":"Retail investors can subscribe to Azimut Egypt Asset Management\u2019s new equity fund as of this coming Sunday, 23 May, Hapi Journal reports. Azimut is looking to secure EGP 250 mn in AUM \u201cwithin the coming period,\u201d according to a statement picked up by the newspaper. 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