The Minister of Planning and Economic Development announces the coverage of the initial subscription of the new “NI Capital” fund

The success of NI Capital, the investment arm of the National Investment Bank, in launching the 15/30 Fund is evidence that it has assumed a distinguished position in the field of non-banking financial services: Says Hala El-Said
Cairo on March 2, 2022
Dr. Hala El-Said , Minister of Planning and Economic Development and Chairperson of the Board of Directors of the National Investment Bank announced the closing of the initial subscription for the “15/30” fund, the new “NI Capital” fund for fixed income instruments, with an issue size of more than EGP  1.5 billion.
The closing of the subscription door comes only two weeks after it was opened, due to the large turnout witnessed by the offering.It is worth noting that the subscription was opened on Tuesday, February 15, 2022, with a target issuance volume of EGP 50 million, and NI Capital received requests that led to the issuance being covered by more than 30 times the target volume of the fund.Starting tomorrow, the door for receiving purchase orders is opened daily in the documents of the "15/30" box.As for the redemption requests, they will be on the 15th and 30th of each month only, through the “Arabia Online” company for individuals and institutions, and the “NI Capital” company for major institutions.In this context, Dr. Hala El-Said  said that the tremendous success achieved by NI Capital, the investment arm of the National Investment Bank, in launching the “15/30” fund for fixed income instruments is evidence of its distinguished performance and the growth of its role in the field of non-banking financial services.  She added: "The introduction of this type of investment products contributes to attracting more investments to the capital market, which would contribute to supporting economic development."
In this regard, Ashraf Negm, CEO of the National Investment Bank and Chairman of the Board of Directors of NI Capital, said: “We are proud that NI Capital Holding Company has successfully launched the “15/30” fund, which is a continuation of its growing role in supporting the economy And the Egyptian money market.For his part, Mohamed Metwally, CEO and Managing Director of NI Capital commented on the success of the offering, saying: “NI Capital’s ability to cover the initial issuance of the “15/30” fund more than 30 times in just two weeks highlights the company’s strategy to do so.
Muhammad Al-Nabrawi, Head of Asset Management at NI Capital Holding Company, commented on the issuance of the new fund, saying: “The “15/30” fund represents a new step for asset management in diversifying its investment products, as it manages the National Education Charitable Fund “Teaching Life” and the “Teaching Life” Fund. 
It is noteworthy that the "NI Capital" investment fund for fixed income instruments "15/30" aims to provide distinctive savings and investment pools commensurate with the low degree of risks associated with the instruments invested in. The fund invests its money in treasury bills, treasury bonds, corporate bonds, securitization, sukuk, and bank deposits.