Premiere Eyes Launch of Real Estate, Agricultural Funds Early H2

Financial service company Premiere Securities S.A.E. plans to launch its new real estate and agricultural funds by the beginning of the second half of 2014.

According to chairman Ahmed Adel, Premiere Securities is in the process of finalizing the necessary procedures to launch its real estate and agricultural investment funds so as to be launched by the beginning of H2/2014.

Adel further noted that Premiere aims to launch its real estate investment trust (REIT) with an initial capital worth EGP 250 million, whereas it targets its new agricultural investment fund’s capital amounting to EGP 500 million.

Premiere Securities is a financial service company in the Egyptian Stock Market. The company offers portfolio management, research services, brokerage and trading.