ArabFinance: A group of Egyptian banks and investors have set up a new fund dedicated to investing in K12 private schools in Egypt, according to a statement by Matouk Bassiouny & Hennawy.

Matouk Bassiouny & Hennawy (MBH) acted as the legal counsel of new k-12 investment platform promoted to undertaking investment activities in private schools in Egypt with an allocated targeted investment of EGP 1.75 billion.

MBH represented the promoters in addition to the preparation and negotiation of all the platform structuring and incorporation documents, and will also handle the incorporation of the relevant companies for establishing and managing the platform.

The platform, which is prompted by Ironwood Investments (IWI), and Hossam Kabbani, as one of the largest investment entities within the educational sector, will be founded, inter alia, by several banks and financial intuitions including, the Sovereign Fund of Egypt, Misr Insurance Holding, Banque Misr, IWI, HK and others.

Copyright 2021 Arab Finance Brokerage Company All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an as is and as available basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.