Planning Minister, NIB Chairperson announces the launch of the new “30/15” Fixed Income Fund

The fund's launch is part of the strategy adopted by "NI Capital Holding", the investment arm of the National Investment Bank, to meet the needs of the market: Says Hala El-Said
Cairo - February 6, 2022

H.E. Dr. Hala El-Said, Minister of Planning and Economic Development and Chairperson of the Board of Directors of the National Investment Bank (NIB), announced that “NI Capital” launched the “15/30” fund, its new fund for fixed income instruments in the Egyptian pound, with a target issuance size of between EGP 50 and 100 million.
 The subscription is scheduled to open on Tuesday, February 15, 2022.In this context, Dr. Hala El-Said  said, "The new investment fund in fixed income instruments comes within the framework of the strategy of NI Capital, the investment arm of the National Investment Bank, to enhance its role in achieving financial inclusion, developing the capital market and meeting market needs.For his part, Ashraf Negm, CEO of the National Investment Bank and Chairman of the Board of Directors of NI Capital, said: “NI Capital’s introduction of the fixed income investment fund is a new step in the path of the leading provider of non-banking financial services.


Mohamed Metwally, CEO and Managing Director of NI Capital, commented on this offering, saying: “The launch of the new 15/30 fixed-income investment fund comes as a continuation of the success achieved by NI Capital in offering and managing funds “Siola” cash investment, “education is life” and the investment portfolios of many investors, whether from government institutions or private sector clients.He added: "Investors in "15/30" will be able to purchase the fund's documents after closing the initial subscription during any working day, but the redemption will be on the 15th and 30th of each month only, which will provide an opportunity to improve the return on what is achieved by highly liquid cash funds."Mohamed Al Nabarawy, CEO of the Asset Management Sector at NI Capital, said that the company's asset management is always working to introduce new and innovative products as part of its strategy to support the state's plan and work to achieve sustainable development goals.He added: "The new 15/30 Fixed Income Instruments Fund seeks to provide and make new investment tools available to the various groups of society, whether they are institutions or individuals."The “NI Capital” investment fund for fixed income instruments aims to provide distinctive savings and investment pools commensurate with the low degree of risks associated with the invested instruments.The fund invests its money in treasury bills, treasury bonds, securitization, Sukuk, bank deposits, and movable values.NI Capital has contracted with its wholly-owned company, "Arabia Online," to receive subscriptions and promote the fund among clients from the individual and institutional segments, with the ability to receive subscriptions electronically, while NI Capital undertakes the promotion and receipt of subscription by major institutions.It is noteworthy that NI Capital established in February of last year the "Siola" cash fund, the first of its kind to be established by an investment bank in Egypt, and it is also the first cash fund that invests in movable assets.By the end of 2021, its size amounted to about EGP 4.5 billion, and the fund achieved the highest annual return among the monetary funds operating in Egypt in the period since its establishment until the end of 2021.It is also mentioned that NI Capital manages the National Charitable Investment Fund for Education "Education is Life" intending to provide sustainable financing for educational projects, raising the level of the Egyptian citizen, in addition to providing a distinguished educational service directed to the areas most in need, while institutionally managing charitable work and endowment. The fund has so far reached more than 190 million pounds.



It is worth noting that NI Capital was established in 2015 as an independent financial services company, managed with the thought and experience of the private sector, and aims to effectively contribute to achieving economic development.

 NI Capital provides a full range of investment banking services, investment management services, and financial advisory services in the Egyptian market.

 The company also manages the government offering program to attract local and foreign investments to the Egyptian Stock Exchange and diversify the government's sources of income, in addition to providing financial advice and promoting private sector companies' offerings.