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.
El-Said, who is also Chairperson of the Board of Directors at the National Investment Bank (NIB), noted that the fund is in Egyptian pounds with a cumulative daily return.
El-Saeed noted that the nominal value of the document is LE 10, with a minimum of LE 1,000 for purchase.
CEO of the company Mohamed Metwali said NI Capital is now expanding its activities in the domains of subscriptions and management of investment assets to contribute to achieving a financial inclusion program that will allow citizens, local and foreign ins
The IPO starts with at least LE 100 and has no upper limit, the Planning Ministry said in a statement on Wednesday.
Egypt is witnessing a remarkable progress, thanks to the economic reform program adopted by the government and the effective support of the banking sector, she added.
Prime Minister Sherif Ismail discussed Sunday improving the management of the national and mega projects in various fields to maximize the efficiency.
GDP growth is moving faster than expected, NI Capital CEO said.