Cairo - Mubasher: The CEO of NI Capital, Ashraf Ghazaly, said that launching Amlak sovereign fund could be delayed to next December.
Ghazaly added in his remarks to the Portfolio Egypt Conference on Sunday that the ministry of planning is reviewing some of the fund’s articles and details to be in line with the new vision.
We were planning to launch it be October, but it could need one or two more months, he noted.
The CEO also indicated that some steps could be taking by investors regarding the matter, adding that they are cooperating with the field’s expertise.
