Mohamed Nagah Nour, Head of Investment Sector at Arab Misr Insurance Group (GIG) revealed that his company is planning to offer investment IPO fund within the first quarter of this year with EGP50 million as an initial capital.
Nour has informed Amwal Al Ghad in an exclusive that GIG finalized the measures of the Egyptian Financial Supervisory Authority in order to provide investment for the liquidity by calculating the return on a cumulative.
He explained that FUND A : A low-risk Egyptian pound fund invests in treasury bills and bonds , deposits and private insurance funds, stressing that Prime Investment Co will take over the board of directors of the fund.
He asserted that the firm’s first fund established in 1995 under the name of Arab Misr Insurance Group (AMIG), noting that it is the only fund which affiliated to Egyptian insurance company till now.
