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The subscription of Ahli United Bank’s Alpha Fund will start tomorrow on 24th December after the bank received the Egyptian Financial Supervisory Authority’s approvals.
Alpha fund, managed by Cairo Holding for Financial Investment, has an initial capital of EGP 25 million, sources said.
The bank has delayed launching the fund several times because of the political turmoil and the fluctuated performance of the Egyptian Exchange.
Apha fund is AUB’s second investment fund as it had earlier launched its Wealth (Tharwa) Investment Fund that invests in fixed-income instruments. Subscription in the fund reached EGP 220 million. Wealth Investment Fund is also managed by Cairo Holding for Financial Investment.
