CI Capital to run $19.2M fund reviving Egypt's distressed factories
What's the deal? CI CapitalDealroom has a profile for this one. Try Dealroom → will manage a new EGP 1 billion (≈$19.2 million) Distressed Factories Restructuring Fund, launched by the Central Bank of EgyptDealroom has a profile for this one. Try Dealroom → and the Ministry of IndustryDealroom has a profile for this one. Try Dealroom → to take equity stakes in struggling industrial companies that still hold viable assets and unused production capacity.
Who's backing it? The fund drew contributions from state and private banks, including the National Bank of EgyptDealroom has a profile for this one. Try Dealroom →, Banque MisrDealroom has a profile for this one. Try Dealroom →, Arab African International BankDealroom has a profile for this one. Try Dealroom →, Agricultural Bank of EgyptDealroom has a profile for this one. Try Dealroom →, and Export Development Bank of Egypt.
How it works: The Financial Regulatory AuthorityDealroom has a profile for this one. Try Dealroom → approved the vehicle as a closed-ended private equity fund, registered as Fund No. 1033. It offers one billion investment units at EGP 1 each through a private placement for eligible financial institutions, public and private entities, and other qualified investors, with subscriptions opening on October 4.
What's the endgame? The fund will take direct equity stakes in distressed companies across food, engineering, chemicals, textiles and garments, pharmaceuticals, and building materials. Its team will design restructuring plans spanning loan restructuring, fresh capital, operational-efficiency programmes, and stronger governance.
Why now? Factories seeking support will apply through the Ministry of Industry's Manufacturers Support Platform, where applications will be assessed. CI Capital's investment decisions will rest on feasibility studies, with net assets valued twice a year by independent advisers registered with the regulator.
The signal: By pairing central bank oversight with private equity mechanics, Egypt is treating idle industrial capacity as an investable asset rather than a write-off — a model that turns rescue financing into equity bets on recovery.
Read more: scenenow.com
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