An Egyptian investment fund of 150 million pounds

The National Bank of Egypt is currently preparing to float its first investment fund in the Egyptian stock market during February. The general of the bank, Farouk Abdo, told ArabicNews.com that the fund's capital will be 150 million pounds and that the bank has agreed with the International Trade Company for Investment on managing the fund, adding that the bank will share in the fund at a rate of 19% and that the price of the subscription will be 100 pounds.