Egypt's Okaz asset management and brokerage firm is planning to launch its first equity fund, that will invest in Egyptian stocks, in 2026, the company’s CEO Randa Hamed told Zawya Arabic. 

"We intend to enter the equity market... we will most likely start with an equity fund, and it will be a mutual fund," Hamed said, noting that the company that was founded in 2006 will begin studying the fund by mid-2026 and expects to launch it before the end of the year.

Egyptian stocks have recently recorded strong activity, with the main stock market index, EGX 30, rising by more than 40% last year, amid expectations of continued strong performance this year, supported by the government's efforts to bolster the market.

The company has not yet determined whether the proposed fund will invest in a specific stock market sector or track an index, which will be decided according to market conditions at the time, Hamed said.

Hamed expects the size of the investment portfolios managed by Okaz to rise to nearly 3.2 billion Egyptian pounds ($67.7 million) by the end of this year from around 2.6 billion Egyptian pounds at the end of 2025.

Click here to read the article in Arabic.