President Abd El Fatah El Sisi Approves Launch of EGP 2.5 Billion "Nile Industrial Direct Investment Fund" during Labor Day Celebration
In a significant move approved by President Abd El Fatah El Sisi, the National Initiative of Developing Egyptian Industry (EBDA) has announced the launch of the "Nile Industrial Direct Investment Fund", this private equity fund holds a total value of EGP 2.5 billion and offers an impressive Internal Rate of Return (IRR) of 25%. Under the management of Cairo Financial Holding (CFH), the fund will be listed on the Egyptian Stock Exchange (EGX), marking an exciting opportunity for investors in the market. This launch signifies a promising step towards promoting and supporting the growth of the Egyptian industrial sector.
Source: Extra News
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