Arab Finance: ODIN Investments’ (ODIN) board has approved establishing a multi-currency investment fund to invest in debt instruments, as per a statement on July 30th.
ODIN will own 51% of the fund’s total capital in US dollar, equivalent to EGP 5 million, the statement read.
It is worth mentioning that the company recorded a 112.68% year-on-year (YoY) increase in consolidated loss attributable to the parent company during the nine-month period that ended on March 31st.
ODIN is an Egypt-based leading investment company with a diversified experience in general investment, particularly the real estate and financial services sectors.