RIYADH: The Egyptian Financial Regulatory Authority is seeking to issue green bonds worth $400 million before the end of this year. FRA has filed an application to form special purpose acquisition companies, also known as SPACs, with an acquisition size of between $54 million and $81 million, Mohamed Omran, the Egypt’s FRA’s head, told CNBC Arabia. In the interview, Omarn
CAIRO: The Egyptian investment firm Catalyst Partners has launched what it claims is the first private closed-end fund for impact investment in the Middle East, with capital of 1 billion Egyptian pounds ($54 million). The Catalyst Capital Egypt fund’s first close recorded about EGP 450 million. Established in accordance with the rules of the Egyptian Financial Regulatory
Omran explained, during a conference held, Monday, that the total insurance premiums during 2021 rose to LE 47.5 billion, compared to LE 40.1 billion during 2020, marking an increase of about 18.5 percent.