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

Big 5

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.