FRA approves 2 new issuances under Kenz fund as subscription opens

Arab African Investment Management announced that the Financial Regulatory Authority (FRA) has approved the prospectus for the third and fourth issuances of its cumulative-return equity fund, Kenz Multi-Issues.

The approval covers the third issuance, Kenz EGX70 EWI, and the fourth issuance, Kenz EGX35 LV, under the Kenz Multi-Issues equity fund. The fund was licensed by the FRA under license No. 957.

Each issuance has a target size of EGP 50 million, divided into 500,000 policies with a nominal value of EGP 100 per policy.

The institutional subscriber has committed to subscribing to 100,000 policies in each issuance, representing a total investment of EGP 10 million per issuance. This contribution accounts for 20% of the targeted size of each issuance.

The remaining 80% of each issuance will be offered through a public subscription.

The subscription period will run for up to two months, beginning on June 14th, 2026, and ending on August 12th, 2026.