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Banque Du Caire, the third largest government-owned bank in Egypt, is planning to launch its fifth investment fund worth 100 million Egyptian pounds in the first quarter.
Speaking to Amwal Al Ghad on Monday, Mohammed Ragaei – Head of Investment Sector – said Banque Du Caire would reveal in the coming days the name of the investment bank responsible for managing the new fund.
Banque Du Caire’s fifth fund is balanced, set to invest in stocks, bonds, and fixed-income instruments, Ragaei noted.
The bank has four investment funds with total business volumes of 2.515 billion pounds.
