HC Securities launches Direct Investment Fund worth $100mln Q4

Egypt-based HC Securities & Investment targets launching direct investment fund with capital of US$ 100 million within the final quarter of 2015, Mohamed Metwally – Deputy CEO- clarified on Thursday.

Metwally told Amwal Al Ghad that the new fund comes within the frameworks of firm’s strategy to enhance its managed assets in the market nowadays as there are attractive investment opportunities supporting those trends.

He noted that HC Securities aims at expanding in brokerage field by boosting its individual clients as well as activating online trading and expanding in a number of governorates especially in Upper Egypt.

Moreover, Metwally clarified that HC Securities eyes increasing its new branches in brokerage field to be 12 branches at the end of 2016.