CAIRO 16 February 2021: Egypt’s Minister of Planning and Economic Development Hala El-Said has announced the closing of subscriptions to the NI Capital’s first cash fund, the Liquidity Fund, with an issue size exceeding LE 1.075 bilion. She said that the tremendous success achieved by NI Capital, the NIB’s investment arm, means that it will launch a liquidity fund as its first cash fund, evidence of the excellence of its performance. NI Capital received requests that led to the issuance being covered by more than 21 times the targeted size of the fund. NI Capital was established in 2015 as an independent financial services company, managed with the thinking and experience of the private sector. The company provides an integrated set of investment banking services, investment management services, and financial advice in the Egyptian market.

Source: Egypt Today February 16, 2021 13:30 UTC