CAIRO (Reuters) - Egypt’s Beltone Financial aims to quadruple the value of its index fund from 55 million Egyptian pounds ($3.11 million) and list it on the Nasdaq Dubai exchange, the company’s asset management director said.
“We’ve been working over the past three months on listing the index fund on the Nasdaq Dubai. It’s going to be a good step for Egypt and it’s going to attract a lot of investments to the Egyptian financial markets,” Kareem Naema told Reuters.
($1 = 17.7100 Egyptian pounds)
Reporting by Ehab Farouk; Writing by Arwa Gaballa and Eric Knecht; Editing by Edmund Blair