{"id":648563,"date":"2017-04-06T03:53:27","date_gmt":"2017-04-06T03:53:27","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/06\/naeem-begins-private-placement-for-usd-1-bn-real-estate-fund\/"},"modified":"2017-04-06T03:53:27","modified_gmt":"2017-04-06T03:53:27","slug":"naeem-begins-private-placement-for-usd-1-bn-real-estate-fund","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/06\/naeem-begins-private-placement-for-usd-1-bn-real-estate-fund\/","title":{"rendered":"Naeem begins private placement for USD 1 bn real estate fund"},"content":{"rendered":"<p><strong>Naeem Holding started a private placement for a EGP 1 bn real estate fund<\/strong>, the company's CEO Yousef Al Far said, according to <a href=\"http:\/\/www.reuters.com\/article\/egypt-naeem-idUSL5N1HD2YX\">Reuters<\/a>. The private placement will take place for one month and will be followed by an initial public offering before Ramadan. Al Far said the three-year fund will aim to return at least 26% annually. Naeem also said it is considering setting up specialized real estate funds that could be focused on the residential sector only, <a href=\"http:\/\/www.almalnews.com\/Pages\/StoryDetails.aspx?ID=329064\">Al Mal<\/a> says.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Naeem Holding started a private placement for a EGP 1 bn real estate fund, the company's CEO Yousef Al Far said, according to Reuters. The private placement will take place for one month and will be followed by an initial public offering before Ramadan. Al Far said the three-year fund will aim to return at [&hellip;]<\/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":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-648563","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"ac8e8d08-df04-4b92-afdf-f59b18052759","order":"0","is_powered_by":true,"section_story_id":"131ac6a3-8405-4945-b8e9-a1e5596d7807","story_type":"1","photo_url":"","photo_position":"above","related_issue":[648548],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Naeem begins private placement for USD 1 bn real estate fund - 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\/2017\/04\/06\/naeem-begins-private-placement-for-usd-1-bn-real-estate-fund\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Naeem begins private placement for USD 1 bn real estate fund\" \/>\n<meta property=\"og:description\" content=\"Naeem Holding started a private placement for a EGP 1 bn real estate fund, the company&#039;s CEO Yousef Al Far said, according to Reuters. The private placement will take place for one month and will be followed by an initial public offering before Ramadan. Al Far said the three-year fund will aim to return at [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/06\/naeem-begins-private-placement-for-usd-1-bn-real-estate-fund\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-04-06T03:53:27+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/06\/naeem-begins-private-placement-for-usd-1-bn-real-estate-fund\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/06\/naeem-begins-private-placement-for-usd-1-bn-real-estate-fund\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Naeem begins private placement for USD 1 bn real estate fund\",\"datePublished\":\"2017-04-06T03:53:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/06\/naeem-begins-private-placement-for-usd-1-bn-real-estate-fund\/\"},\"wordCount\":91,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/06\/naeem-begins-private-placement-for-usd-1-bn-real-estate-fund\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/04\/06\/naeem-begins-private-placement-for-usd-1-bn-real-estate-fund\/\",\"name\":\"Naeem begins private placement for USD 1 bn real estate fund - 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The company expects the offering to be 2x oversubscribed when the placement\u2019s one month extension ends on Thursday,\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":649821,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/03\/09\/naeem-holding-to-launch-first-egyptian-real-estate-fund-with-egp-1-bn-investments\/","url_meta":{"origin":648563,"position":1},"title":"Naeem Holding to launch first Egyptian real estate fund with EGP 1 bn investments","author":"enterpriseam admin","date":"9 March 2017","format":false,"excerpt":"Naeem Holding to launch EGP 1 bn real estate fund: Naeem Holding for Investments received approval from the Egyptian Financial Supervisory Authority to establish what it says is Egypt\u2019s first real estate fund with investments worth EGP 1 bn, the company said in an Egyptian Exchange filing. The fund targets\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":632490,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/02\/12\/naeem-holding-considers-investing-in-healthcare-and-education\/","url_meta":{"origin":648563,"position":2},"title":"Naeem Holding considers investing in healthcare and education","author":"enterpriseam admin","date":"12 February 2018","format":false,"excerpt":"Naeem Holding is considering investing in Egypt\u2019s healthcare and education sectors and will announce a major investment decision by the end of February, Chairman Hussein Shobokshi tells Al Borsa. The Saudi businessman did not disclose details about the upcoming project, but said the company was also studying opportunities to invest\u2026","rel":"","context":"In &quot;Banking + Finance&quot;","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":647308,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/08\/naeem-comes-under-fire-from-efsa-banque-misr-for-misleading-ad-for-banque-misr-fund\/","url_meta":{"origin":648563,"position":3},"title":"Naeem comes under fire from EFSA, Banque Misr for \u2018misleading\u2019 ad for Banque Misr fund","author":"enterpriseam admin","date":"8 May 2017","format":false,"excerpt":"Don\u2019t believe what your aunties says on the family WhatsApp group \u2014 Banque Misr is not increasing interest rates on deposits to 26%. The confusion arose after billboards and online advertisements said a Naeem Holding-managed Banque Misr fund carries a 26% rate of return. Banque Misr Chairman Mohamed El Etreby\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2017\/5\/1348.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":645269,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/17\/arafa-holding-freezes-investment-plans-on-cost-of-capital-concerns\/","url_meta":{"origin":648563,"position":4},"title":"Arafa Holding freezes investment plans on cost of capital concerns","author":"enterpriseam admin","date":"17 July 2017","format":false,"excerpt":"Arafa Holding has \u201cno plans to inject any new investments in Egypt\u201d in the coming period following the central bank\u2019s decision to raise interest rates, Chairman and CEO Alaa Arafa told Al Shorouk. The cost of capital at the moment is not conducive to new investment, Arafa said, adding that\u2026","rel":"","context":"In &quot;Speed Round&quot;","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":575788,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/27\/azimuts-inaugural-egypt-bond-fund-sees-huge-investor-demand\/","url_meta":{"origin":648563,"position":5},"title":"Azimut\u2019s inaugural Egypt bond fund sees huge investor demand","author":"enterpriseam admin","date":"27 October 2020","format":false,"excerpt":"INVESTMENT WATCH- Azimut\u2019s inaugural Egypt bond fund sees huge investor demand: Azimut\u2019s new Egypt-focused fixed-income fund AZ-Savings was 6x oversubscribed in the nine-day private placement that ended on 21 October, Al Mal reports, citing a company statement. 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