Egypt’s Prime Group Eyes 3 New EGP300 Mln Funds

Egypt-based Prime Holding for Financial Investment S.A.E. (PRMH.CA) – said the firm is currently in talks with a number of local banks seeking to run 3 fresh fixed-income investment funds with capitals expected to reach EGP 100 million.

Mohamed Maher, Managing director of Prime Group, announced that his firm is currently negotiating with a number of Egyptian banks in order to run 3 new investment funds, as the firm is aiming to increase its assets.

Maher stated that Prime Group is running around 11 investment funds; Housing & Development Bank Fund – Mawared (accumulative with daily return), Arab Land Direct Investment Fund, Arab Misr Insurance Group (AMIC) Fund (accumulative with periodical return),  Societe Arabe International De Banque – (No.1 accumulative),  Societe Arabe International De Banque – (No.2 accumulative with periodical return), Al Tameer Fund,  Blom Bank- Egypt Money Market Fund (accumulative), Societe Arabe International De Banque – (No.3), and Egyptian Gulf Bank Fund – Tharaa (periodical return).