Cairo Leasing plans two mutual funds worth EGP200mln

Cairo Leasing Corporation (CLC), the leasing arm of Banque Du Caire, is planning two new funds with two new different companies worth 200 million Egyptian pounds, Ahmed Sherif its Managing Director said.

He told Amwal Al Ghad that the two funds would be in food and car sectors with 150 million pounds for the former and 50 million pounds for the later.

The company has lately implemented five mutual funds with other companies during the last period in different sectors.

He further noted that the companies contracts would reach 1.1 billion Egyptian pounds by the end of the first quarter of 2019.

Cairo Leasing Corporation is currently negotiating with Micro, Small and Medium Enterprises Development Agency (MSMEDA) to get new funds.