Cairo – Mubasher: Misr Capital, the investment arm of Banque Misr, announced that the EGP-denominated Misr Life Insurance Liquidity Fund was oversubscribed by 4.7 times, the Middle East News Agency (MENA) reported on Sunday.
The fund attracted subscriptions worth EGP 471 million, exceeding the subscription target of EGP 100 million.
Certificates in the fund are now available for purchase and redemption at some branches of Misr Life Insurance Company, the Managing Director, Ahmed Abdel Aziz, said.
