RIYADH: Egypt’s investment banking company CI Capital Holdings will launch three new funds by 2023, Asharq Business reported citing the CEO of CI Assets Management, a subsidiary of CI Capital.
The new funds include a commodity fund as well as a cash fund, according to Amr Abol-Enein.
In 2005, CI Capital Holdings for Financial Investments was founded, and its shares were listed on the Egyptian Stock Exchange on April 19, 2018. The company provides investment banking and brokerage services in Egypt.
CI Capital plans to merge with Misr Capita, a subsidiary of Banque Misr, and has reached the final stages of the merger, Abol-Enein said.
CI will have assets under management of approximately 54 billion Egyptian pounds ($2.7 billion) after the merger, of which 39 billion pounds will be managed by Misr Capital, while the number of investment funds will reach 25 funds.
