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Odin Investments partners with Saudi firm to set up equity fund

Odin Investments partners with Saudi firm to set up equity fund
Odin Investments achieved net profits of about EGP 388,450 in H1-19
Odin Investments
ODIN
-0.74% 4.09 -0.03

Cairo – Mubasher: The board of directors of Odin Investments approved the establishment of an equity investment fund in partnership with Saudi-based investment company KASB Capital.

Moreover, the board also decided to set up three other funds for non-banking financial services, venture capital, and education services and technology, according to a bourse disclosure on Thursday.

During the first half (H1) of 2020, Odin Investments achieved net profits of about EGP 388,450, down from EGP 1.55 million in H1-19.