Three investment banks vying to run launch of Egypt 1st property fund

Three investment banks are competing to run the launch of Egypt’s first property fund in Egypt, said chairman of Egyptian Arab Land Bank (EALB) on Monday.

Egyptian Arab Land Bank seeks to launch the country’s first real estate fund in the coming period.

Abdel Meguid Mohy El-Din, EALB’s chairman, further said his bank is currently discussing with the three bidders the mechanisms to launch the fund.