suez canal bank

Suez Canal bank to launch EGP 250 mn money market fund this month: The Suez Canal Bank will this month launch its first money market fund, Suez Daily, with EGP 250 mn in capital, the local press reports. The fund will offer daily subscriptions in short and medium-term financial instruments including bonds, treasury bills, bank deposits, and savings certificates, Chairman and Managing Director Hussein Rifai said.

CI Capital Asset Management, CI Capital Holding’s subsidiary, will manage the fund.