Egypt launches EGP 1 billion fund to restructure distressed factories

Egypt has launched a one-billion-pound fund to restructure distressed factories, with subscription for its certificates opening Sunday, October 4.

• Egypt's Financial Regulatory Authority has licensed the fund (registration 1033) and opened subscription for 1 billion certificates at one Egyptian pound each.
• The closed private-equity fund, managed by CI Capital, will invest directly in equity of distressed firms in food, engineering, chemical, textile, pharmaceutical and building materials industries.
• The fund follows cabinet approval in August 2026 and was launched by the Central Bank and the Ministry of Industry in cooperation with several banks.
• FRA Chairman Islam Azzam said the fund implements the state's plan to rescue distressed industrial companies and capitalize on their production capacity.
• The first fund of its kind, it raises capital through a private placement limited to qualified financial institutions, entities, and individuals.
• Investment will be made through equity contributions or acquisitions to convert target companies into joint-stock companies.
• The fund must submit quarterly reports on restructuring progress to its oversight committee.