Alpha Capital to run Delta Life Insurance’s EGP50 million Fund

Egypt’s Delta Life Insurance has chosen Alpha Capital to manage its newest mutual fund. The fund will be with an initial capital worth 50 million Egyptian pounds (US$6.6 million).

Alpha Capital is an Egyptian investment bank established in 2009.

Mohamed Mowafi – Chief Sales & Marketing Officer at Delta Life – said his company had recently obtained approvals from the Egyptian Financial Supervisory Authority (EFSA) and the Central Bank of Egypt so as to launch the fund.