CFH to launch NIDIF in May

Updated 5/8/2024 9:26:00 AM
CFH to launch NIDIF in May

Arab Finance: Cairo Financial Holding (CFH) is planning to launch the Nile Industrial Direct Investment Fund (NIDIF) in May, in cooperation with the National Initiative for Developing Egyptian Industry (Ebda), Head of Research Shady Ashraf told Al Borsa News.

The fund’s initial value amount to up to EGP 2.5 billion, and is set to grow over the coming period, Ashraf noted.

He added that CCS intends to invest in industrial firms aiming to localize industry and technology in Egypt as well as reduce the import bill.

He further elaborated that the fund's investment tranche ranges between EGP 100 million and EGP 500 million, with a focus on acquiring minority stakes in companies of 20% to 40%.

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