Banque Misr eyes green fund launch

Egypt-based Banque Misr has announced plans to launch a ‘green’ investment fund in the first quarter of 2024.

The fund will focus on companies that adhere to ESG criteria, with a particular focus on those listed on the Egyptian exchange.

While the size of the fund is not yet known, it is reported that it will track the sustainability index issued by Standard & Poor’s.

It has also been reported by Egyptian media that Banque Misr is planning to list the real estate fund it launched in 2022 in partnership with Banque du Caire, Misr Insurance Holding Company and Allianz Insurance.

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