VOL. XL
No. 22
2-June-1997
EGYPT
New Investment Fund In Egypt
Alliance Capital Management (ACM) and Commercial International InvestmentCompany (CIIC), a subsidiary of Commercial International Bank (CIB), announced on 26 May that theyare forming a new joint-venture offshore mutual fund investing in Egyptian equities. The NileGrowth Fund Company is hoping to raise $100mn when subscription closes on 3 June. INGBarings will promote the fund, which will be managed by the newly-formed joint-venture...
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