Wethaq Takaful Egypt eyes Launch of Two Real Estate Funds in 2016

Wethaq Takaful Insurance – Egypt plans to establish two real estate funds aimed to pump investments expected to reach 500 million Egyptian pounds (US$65.5 million) within 2016, chairman announced.

According to Wethaq’s chairman Antar Gad, the two funds will include real estate investments varied between administrative and residential facilities.

The official further stated that his company would submit soon an official request to the Egyptian Financial Supervisory Authority (EFSA) so as to launch the two new funds within next year.