Farid added that these two funds came as follows: the Egyptian AZ-Gold fund by Azimut Company, which was launched in May 2023, and the Beltone Evolve Fund to invest in gold bullion, which was approved to launch in 2024.
Farid also stated that said that the authority aims to start trading in future contracts for carbon certificates on the Egyptian Exchange soon
The FRA reported in January, that consumer finance companies provided EGP 43.32 billion to customers during the period from January to November 2023, compared to EGP 26.84 billion during the same period in 2022, a growth of 61.4%
The fund aims to invest its funds and spend from its returns on supporting and improving the living conditions of the Egyptian child from the most needy segments by financing initiatives and programs.
These approvals were divided into 190 approvals for share issuances (both for new and existing companies), with a total value of EGP 27.5 billion during July 2023.
