NI Capital fund's IPO oversubscribed 30 times of targeted amount

CAIRO - 3 March 2022: Planning and Economic Development Minister Hala el Said, the head of the National Investment Bank, said the IPO of the new NI Capital fund for fixed income tools (15/30) covered the offering - which stood at LE 1.5 billion - by 30 times within two weeks of launching the IPO.

 

Saeed hailed the great success of the fund's IPO, which was launched on February 15, 2022. It targeted only LE 50 million, but the IPO was oversubscribed by 30 times, she said.

 

Saeed praised the success of NI Capital - the investment arm of the National Investment Bank, noting that this achievement would lure more investments into the capital market.