NI Capital Holding to launch new investment funds in days

CAIRO - 5 January 2021: Egypt’s Minister of Planning and Economic Development Hala El-Said has met with Mohamed Metwally, CEO and Managing Director of NI Capital Holding, to discuss the company’s most important activities, including the launch of new investment funds.

During the meeting, El-Said followed up on the company's activities during the second quarter (Q2) of the fiscal year (FY) 2020/21, as well as its acquisition of an Arab Online Company for the stock brokerage. NI Capital Holding represents the investment arm of the National Investment Bank (NIB).

The two sides also discussed plans to develop NI Capital Holding's activity, alongside the plans to expand its asset management activity. It includes the launch of new investment funds in a matter of days, which is expected to attract more local and foreign investments.

This came in addition to discussing the company's activities in the coming period, and the outstanding performance of the National Investment Charitable Fund for Education’s performance. Alongside this, the two sides reviewed Ayadi Investment and Development Company's portfolio, and other stock and bond portfolios belonging to the company.

During the meeting, the efforts made by NI Capital’s employees in providing non-banking financial services to the private sector were also reviewed, in addition to the activities being implemented in terms of government mandates.

El-Said, who is also Chairperson of the Board of Directors at the NIB, said that NI Capital is expanding its activity in terms of promoting IPOs and managing investment assets. This aims to contribute to the financial inclusion program, allowing citizens and local and foreign institutions to invest in the domestic stock market.

At the same time, it will allow participants to obtain a lucrative return, with Egyptian companies having access to the needed capital with which they would be able to expand and create new job opportunities, with the NIB’s full support.

El-Said added that NI Capital provides a comprehensive range of investment banking services, investment management services, and financial advice in the Egyptian market.

The minister noted that the company manages the government offering program, to attract local and foreign investments to the Egyptian Exchange (EGX). It also diversifies sources of income for the government and expands the ownership base, whilst providing financial advice and promoting private propositions for private sector companies.

NI Capital Holding is a leading Egyptian company in providing an integrated package of investment banking services. Each of these services aims to meet the needs and aspirations of various clients, whether from individual investors or institutions from the private sector or the government.

The company was established in 2015 as an independent financial services company, managed with the thinking and experience of the private sector. It aims to contribute effectively to achieving the desired economic development of the Egyptian market, through a banking team that includes the best competencies. The team has extensive experience gained at major investment banks and local and international companies.