NO. 38


Financial and Banking News

Capital Markets

Local Financiers To Found Egyptian Investment Fund

The Cairo-based International Securities Group (ISG), Kidder Peabody andthe International Finance Corporation (IFC) are working to set up a fund toinvest in Egyptian shares and companies. The group is hoping to raise$50mn-100mn and the first closing date is expected to be in August/September.The fund will last for seven years with three optional one-year extensions. Itwill...