ODIN’s board greenlights launching multi-currency investment fund

Updated 7/30/2023 10:05:00 AM
ODIN’s board greenlights launching multi-currency investment fund

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.

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