Latest news with #Financial Regulatory Authority
Zawya
04-08-2025
- Business
- Zawya
Azimut Egypt plans to launch new dollar fund in October
Azimut Egypt for asset management, a subsidiary of the global Azimut Group, which is listed on the Milan Stock Exchange, intends to launch a new dollar fund next October, said Ahmed Abou El Saad, the CEO of the Egyptian company, while speaking to Zawya Arabic. The asset management sector in Egypt has recently recorded a significant development in the diversity of investment funds. According to official data, there are six dollar-denominated investment funds licensed by the Financial Regulatory Authority in Egypt. "In October, we will start a new dollar fund," said Abou El Saad, noting that the maturity date of the fund will be determined in the coming period. The company has been operating since 1994, when it was known as Delta Brokerage, and has undergone several acquisitions. The latest acquisition was in 2019, when Azimut Global Holding fully acquired it. Azimut Egypt manages assets exceeding 26 billion Egyptian pounds ($534.4 million), according to its website. Abou El Saad said the new fund will coincide with the liquidation of the AZ 2025 Dollar Fund, which was launched in 2023 and has a value of around $9 million, with returns of up to 25% through its term. Azimut Egypt currently has three dollar funds with maturity dates in 2025, 2027, and 2029. According to Abou El-Saad, the total value of the three funds is approximately $45 million. Click here to read the article in Arabic.
Zawya
30-07-2025
- Business
- Zawya
Egypt: Tanmeyah develops El Zaharaa Square in Maadi as part of ESG strategy
Arab Finance: Tanmeyah, a subsidiary of EFG Holding, has developed El Zaharaa Square in Maadi as part of its environmental, social, and governance (ESG) strategy focused on environmental sustainability and community development, as per an emailed press release. Located at the intersection of Al Zahraa Street and El Khamseen Street, the 8,600-square-meter square is one of the largest public spaces in Greater Cairo. Its location in Maadi, where Tanmeyah is headquartered, made it a practical choice for the company's latest urban development effort. The project was implemented in coordination with several government bodies, including the Cairo Governorate, the Office of the Deputy Governor for South Cairo, the Al Basateen and Al Maadi District Authorities, the National Organization for Urban Harmony, and the Cleaning and Landscaping Authority. It was carried out under the patronage of the Financial Regulatory Authority (FRA). The initiative follows Tanmeyah's previous collaboration with the Al Basateen District and the National Organization for Urban Harmony in December 2024 to redevelop Palestine Square and Ahmed Abd El-Azeem Street in Al Maadi. © 2025 All Rights Reserved Arab Finance For Information Technology Provided by SyndiGate Media Inc. (
