Cairo – Mubasher: Tahya Masr fund plans to commence the operations of Tahya Masr investment holding next March.

The new company will be capitalized at EGP 2.5 billion, said Mohammed Ashmawy, the Executive Director for Tahya Misr Fund.

Tahya Masr fund will contribute with 98% in the new company, while National Bank of Egypt Banque Misr will account for the remaining 2% equally.

Earlier, Egyptian President Abdel Fattah El Sisi has allocated EGP 1 billion from the Tahya Masr fund to build 100,000 additional affordable housing units.