Latest news with #ZawyaArabic
Zawya
30-07-2025
- Business
- Zawya
Egypt's Bokra Holding plans to launch four new investment funds
Bokra Holding, an Egyptian financial investment company, is planning to launch four investment funds in gold and real estate, its CEO Ayman Elsawy told Zawya Arabic on the sidelines of an event in Cairo last week. Egyptians' interest in investing in gold and real estate funds has grown as hedging tools, especially with rising inflation rates. There are two regulated real estate investment funds in Egypt, one of which is listed on the stock exchange. There are three regulated gold investment funds that are operating, and a fourth one is under subscription. All the gold investment funds are unlisted, according to official data. 'There are four funds on the way just waiting for approvals… between gold and real estate,' said Elsawy. Bokra Holding was established in Egypt in 2023 and received approval from the Financial Regulatory Authority in June to launch two investment funds; one in gold and another one in real estate, but it has not yet launched any of them. It also has licenses to provide promotional and subscription activities, portfolio management, venture capital, and sukuk issuance. Click here to read the article in Arabic.
Zawya
19-03-2025
- Business
- Zawya
Egypt's Madinet Masr in talks for Saudi, UAE expansion
Egyptian developer Madinet Masr is in talks with companies in Saudi Arabia and the UAE for possible joint ventures, its CEO has said. Abdallah Sallam said his EGX-listed company is negotiating with up to four developers and contractors in Saudi Arabia and two in the UAE. 'We are talking with 3 to 4 companies in Saudi Arabia…some of them have their own lands,' Sallam told Zawya Arabic. He declined to identify those companies apart from saying Madinet Masr could begin with the capital Riyadh to launch its partnership projects. 'We prefer to work with partners with knowledge in the market…this possible partnership may lead to an alliance to obtain new lands for development or to develop a land owned by a partner,' he said. As for the UAE, Sallam said the negotiations involve one local company and a foreign firm as part of plans to expand in that country. He also said Madinet Masr aims to double its investments in Egypt this year compared with 2024, when they stood at around $118.9 million. (Reporting by Safia Mounir; Translation by Nadim Kawach; Editing by Anoop Menon) ( Subscribe to our Projects' PULSE newsletter that brings you trustworthy news, updates and insights on project activities, developments, and partnerships across sectors in the Middle East and Africa.
