VOL. XL

No. 31

4-August-1997

EGYPT

Domestic Egyptian Funds Three Years On

Egyptian funds have come a long way in the three years since their foundation. Whereasin 1994 there were only three local funds awaiting the then much talked aboutprivatization program (MEES, 5 December 1994), there are currently 15 with a totalcapitalization of E3.05bn ($899mn) - for details see table below. In addition three newlocal funds designed to foster long-term investment with a total capitalization ofE640mn...