Acumen Egypt Pursues Bank Tasked with Managing a New Fund

Big 5

Egypt-based Acumen Holding is currently in official talks, seeking to select a bank to be tasked with managing its new Money Market fund.

Managing Director Rana Adawi spoke to Amwal Al Ghad on Sunday, saying Acumen is currently negotiating with one of the banks so as to manage its new fund.

The capitalization of Acumen’s new fund ranges between EGP 300-400 million, she noted.

Moreover, Adawi further stated that the new fund is due to launch within the current year.

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