Investment Management

NI Capital closes Siula fund’s initial subscription with inflows exceeding LE1.075B

By | Investment Management

Egypt’s Minister of Planning and Economic Development Hala El-Said announced the closure of subscriptions to the NI Capital’s first money market fund, “Siula”, with an inflow volume exceeding LE 1.075 billion. El-Said, who is also Chairperson of the Board of Directors of the National Investment Bank (NIB), noted that the fund is in Egyptian pounds with a cumulative daily return.

The minister added that the closing of the subscription comes before its scheduled date of 10th of March 2021, due to the large turnout witnessed during the initial subscription phase. She said that the tremendous success achieved by NI Capital, the NIB’s investment arm, at launching “Siula” as its first money market fund, evidence of the quality of its performance. It also highlights the growth of the role it plays in the field of non-banking financial services (NBFS) in Egypt.

El-Said said that introducing this type of investment products would contribute to attracting more investments in Treasury bills (T-bills) and governmental bonds, which would stimulate the economic development process.

CEO of the NIB and Chairperson of NI Capital, Mahmoud Montaser, said, “We are proud that NI Capital successfully launched “Siula” Fund, which is a continuation of its growing role in providing non-banking financial services.” “This means that NI Capital continues to meet the market’s need for new savings products that allow individuals and institutions to invest in T-bills and government bonds,” he added.

For his part, Mohamed Metwally, CEO and Managing Director of NI Capital, commented on the success of the offering, saying, “NI Capital’s ability to cover the initial offering of “Siula” fund by more than 21 times reflects the experience of the company’s employees in issuing and promoting such investment funds.”

He added, “It also shows the support of the leadership at the National Investment Bank to the company, and the confidence of policyholders in NI Capital and the National Investment Bank.”

Metwally said that the coming period will witness an expansion in the activities and services provided by the company to meet the needs of its institutional and individual clients. This comes especially after the acquisition of Arabiya Online Brokerage was completed last month.

Managing Director for investments at NI Capital, Hazem Kamel, thanked those in charge of “Siula”, as well as those who have been working on it for their combined efforts for its success.

He described the success of the initial offering as “a testimonial we are proud of from our clients, and we promise to achieve the desired objectives and outcome of the fund.”

“Siula” fund aims to achieve a daily cumulative return appropriate with the degree of low risk associated with the instruments it invests in. It also looks to maintain a high degree of liquidity that allows the investor to buy and redeem daily, effective from 17 February 2021.

The fund invests its short-term financial instruments such as bonds and bills, T-bills, bank deposits, savings certificates, and other low-risk investments.

The door for subscription in the fund was opened on 10 January with a target issue of LE 50 million. NI Capital received requests that led to the issuance being covered by more than 21 times the targeted size of the fund.

Starting from Wednesday 17th of February 2021, the door will be opened to receive daily purchase and redemption orders in “Siula” through “Arabiya Online” and “Mubasher” companies for individuals and institutions, in addition to NI Capital for large institutions.


Minister of Planning And Economic Development Announces The Launch Of NI Capital’s First Money Market Fund

By | Investment Management

Minister of Planning and Economic Development and Chairperson of the Board of Directors of the National Investment Bank (NIB), Dr. Hala El Said, announced that NI Capital – NIB’s investment arm, has launched its money market fund “Siula”, which comes as part of its strategy of to reinforce its role in achieving financial inclusion and developing the Egyptian capital market.

El-Said highlighted that the fund will invest in liquid and short-term financial instruments, including bonds; T-bills; banking deposits; certificates of deposits and other low-risk instruments.

NI Capital also aims to cater for the needs and requirements of its individual and institutional clients alike, according to the minister.

El-Said added that ‘Siula’ fund is the first of its kind to be established by an investment bank in Egypt and that it is also the first money market fund to invest in movable collaterals, benefiting from recent legislative amendments to investment funds’ laws.

“NI Capital’s introduction of its first money market fund is a new step in the path of the leading company in the field of providing non-banking financial services, and an enhancement to its unique role,” said CEO of NIB and Chairman of NI Capital, Mahmoud Montaser.

CEO and Managing Director of NI Capital, Mohamed Metwally illustrated that the fund comes as a continuation of the success achieved by NI Capital in managing the investment portfolios of many investors, whether from government entities or private sector companies.

Hazem Kamel, Managing Director of Assets and Investment Management at NI Capital, said that the company is working on introducing new and innovative products in the coming period as part of its strategy to support the state’s plan and to achieve the sustainable development goals. He added, “the NI Capital’s “Siula” fund seeks to introduce and make available new investment tools to achieve financial inclusion and avail them to different groups within our society, whether they are institutions or individuals.”

The ‘Siula’ fund aims to achieve a daily cumulative return corresponding with the low risk associated with the instruments invested in it while, maintaining a high degree of liquidity that allows the investor to buy and sell their certificates on daily basis.

Worth mentioning, NI Capital has contracted ‘Arabiya Online’ which is owned by it, in addition to the ‘Mubasher’, to receive subscriptions and promote the fund among customers from the segments of individuals and institutions with the ability to receive subscriptions electronically, while NI Capital will promote the fund to large institutions.

Last year, NI Capital established the National Investment Charity Education Fund with the aim of providing sustainable financing for educational projects while managing charitable work, the size of the fund has so far reached EGP 150 million, according to the planning ministry.

NI Capital was established in 2015 as an independent financial services company, acting as an independent catalyst for promoting public-private cooperation and attracting both domestic and foreign expertise to add value through promoting sustainable economic and social development across Egypt.

It also provides an integrated set of investment banking, investment management services and financial advisory in the Egyptian market. It also manages the government IPO program to attract local and foreign investments to the Egyptian exchange and diversify sources of income for the government.

NI Capital initiates IPO of National Investment Charity Education Fund

By | Investment Management

CAIRO – 18 December 2019: Planning Minister Hala el Saaed announced on Thursday that NI Capital, a leading Egyptian financial services holding company, has initiated IPO of the National Investment Charity Education Fund; the first charity education fund of its kind in Egypt.

The IPO starts with at least LE 100 and has no upper limit, the Planning Ministry said in a statement on Wednesday.

Saaed said that the National Investment Charity Education Fund is an investment vehicle established to create sustainable support to efforts aimed at enhancing the quality of the education system and shore up the education reform program currently being implemented by the Education Ministry; ultimately transforming the youth for a better future, the statement said.

NI Capital is the investment manager of the fund. The fund aims to mobilize resources and inspire local and international communities to invest in education for sustainable economic, social and environmental development.

“Straight to the Goal” receives Ergo Media Ventures’ Prize at the 3rd Gouna Film Festival

By | Investment Management

During the Gouna Film Festival’s 3rd Edition in September 2019, Ergo’s $10,000 prize with the CineGouna platform was awarded to the Egyptian project “Straight to the Goal”; a feature narrative in development by young and upcoming director Tamer Ashry.


The film follows Ali, an aspiring soccer player from Egypt who was recently recruited and moved to Marseille to pursue a professional career in the sport. After suffering a debilitating injury, he is forced to navigate the underground life of Marseille’s illegal immigrants while balancing an explosive temper and budding romance.


It is worth mentioning that the project won four other awards making it the winner of the highest number of awards this year; reflecting its strong potential.


Last year’s Ergo prize-winning movie; “1982”, went on to win multiple awards in several festivals including the NETPAC award in the Toronto International Film Festival, and the prestigious FIPRESCI critics award in this year’s GFF official competition. These awards have placed the film on a track for international recognition with its latest achievement being Lebanon’s submission for the Oscars.


Ergo is committed to supporting promising cinematic projects and aspiring talents in their endeavor to share their visions with the world.




Ergo Sponsors El Gouna Film Festival’s CineGouna Platform for the Third Consecutive Year

By | Investment Management

Ergo Media Ventures will be awarding the Creative Media Ventures (“CMV”) $10,000 prize at El Gouna Film Festival’s CineGouna platform for the third consecutive year. The CMV prize is awarded annually to exceptional Arab film projects  as part of Ergo’s objective to support the film industry and creative talents, and promote  Egypt’s historical position as the regional culture center.

Ergo Media Ventures is a dynamic investment firm committed to transforming the media landscape in Egypt and beyond. With a primary focus on digital and traditional content creation and distribution, Ergo aims to empower creative players in the media industry and to re-establish the Egyptian media and entertainment industry as a sustainable economic, social, and cultural power. Ergo was established in 2018 by Ayady for Investment and Development, and is managed by NI Capital, a fully owned subsidiary of National Investment Bank.

“We are very excited to be part of the third edition of El Gouna Film Festival’s CineGouna Platform again this year. We are keen on supporting pormising projects and talents in their development and progression to help them grow, fullfill their potential and bring them to light” said Hazem Kamel, Managing Director of Private Equity at NI Capital.

Last year, the CineGouna jury presented Ergo’s Creative Media Ventures prize to “1982”; a love-in-wartime romancer film in the post-production phase by Director Oualid Mouaness and Producer Christian Eid and staring Nadine Labaki.

“Ergo’s post-production prize at CineGouna Platform was vital to the making of ‘1982′! Specifically, this prize was awarded at a very crucial time, in the middle of the post-production, which allowed us to finish the film and release it today on big screens worldwide. Ergo’s participation has been invaluable.” said Eid.

Following its completion, 1982 was selected to participate in this year’s Toronto International FiIm Festival where it was awarded the NETPAC Award for World or International Asian Film Premiere, and to also come back to the Gouna Film Festival to participate in its official competition; which reflects the exceptional quality of this project.

“It is very rewarding to contribute to such an outstanding project that raises the bar in the Arab film industry and carves a space for Arab cinema in the Global marketplace.” said Gamal Guemeih, Investment Manager at Ergo Media Ventures.



Launch of the National Investment Charity Education Fund Announced in Al Ahram

By | Investment Management | No Comments

The National Investment Charity Education Fund is an investment vehicle established to create sustainable support to enhance the quality of the education system and support the education reform program currently underway by the MoE; ultimately transforming the youth for a better future.

NI Capital’s investment management arm is managing the fund; setting up its mechanics, investment strategy, and operating with a solid governance structure that administers charitable work and waqf in an institutional and professional manner.

Ayady Proud Partners of the First Startupbootcamp FinTech Accelerator Program

By | Investment Management

With the conclusion of the first Startupbootcamp FinTech Accelerator Program, it is important to look at the impact Ayady’s partnership has made on the development of the startups.

The startups that showcased their ideas at the Demo Day were:

Clix: Peer-to-peer money transfer

Compareha: Online marketplace for financial products

ElGameya: Peer-to-peer savings tool

El Zatona: Cloud-based retail management system

Fawaterak: Billing and online payment service

Neqabty: Platform for automated syndicate services

Netsahem: Fundraising platform for charities

Seventail: Open-source SaaS for local merchants

XPay: Platform and mobile app for smart, cashless communities

Youspital: Digital healthcare services platform

NI Capital is keen to support aspiring fintech innovators working inline with Ayady’s vision to create sustainable, developmental impact – financial inclusion, job creation and access to finance.

Ayady Partners with Startupbootcamp to Bring the First of its Kind FinTech Accelerator Program to Cairo

By | Investment Management

Ayady for Investment and Development partners with Startupbootcamp to bring to Cairo the world’s best FinTech accelerator. Vice President of Private Equity at NI Capital, Aly Tawfik shared Ayady Egypt‘s vision for sustainable development at Startupbootcamp‘s launch event among a group of renowned program partners and participating startups.

“Ayady is a firm believer of the potential FinTech holds to change the entire dynamic of the non-banking financial services industry. We are keen to empower entrepreneurs to develop their ideas to ultimately shape the ecosystem in which we all operate. Our support of this one of a kind accelerator program in Cairo asserts our commitment to promoting sustainable development goals including financial inclusion, access to finance and job creation.”

Ayady Egypt is one of a number of industry giants, partners to SBC Cairo FINTECH Program, including the International Finance Corporation (IFC), Pharos Holding for Financial Investments, ALEXBANK, German Agency for International Cooperation and Sustainable Development (GIZ), Visa, Sanad’s Entrepreneurship Academy, and Export Development Bank Of Egypt (EBE).

Ergo, Awards the Third Creative Media Ventures Prize at CIFF

By | Investment Management

Ergo, Media Ventures Manager, Gamal Guemeih awarded the 3rd Creative Media Ventures prize to Producer Ali Hammoud for his film Crystal House at the Cairo Film Connection award ceremony which took place during the Cairo International Film Festival.

Ergo, is an Ayady Egypt media investment company managed by NI Capital which focuses primarily on investing in digital and traditional media content, distribution and enablers to support and empower promising talents, ultimately advancing the media and film industries.

The Creative Media Ventures Prize is a grant awarded by Ergo, to aspiring talents looking to produce and distribute their film projects locally, regionally and ultimately globally to advance the media and film industries. The CMV prize was awarded twice at both editions of El Gouna Film Festival as a form of empowerment to show the company’s commitment to the advancement of the media industry.

For the second consecutive year, Creative Media Ventures sponsors El Gouna Film Festival’s Cinegouna platform with a $10,000 prize

By | Investment Management

For the second consecutive year, Creative Media Ventures sponsors El Gouna Film Festival’s Cinegouna platform with a $10,000 prize

Creative Media Ventures is a EGP 250 mn media fund managed by NI Capital which focuses primarily on investing in digital and traditional media content, distribution and enablers to support and empower promising talents ultimately advancing the media and film industries.