Premiere Holding to launch Egypt’s first agriculture fund this year

Cairo-based financial service company Premiere Holding announced Monday plans to launch Egypt’s first agricultural investment fund this year.

Premiere had set an initial target to raise 250 million Egyptian pounds ($14.2 million) for the planned fund as the first phase, its chairman Ahmed Adel told Amwal Al Ghad on Monday.

“We are currently conducting serious studies with a number of banks and private sector firms to determine the main features of the fund,” Adel said.