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As
on 31st December 2002 |
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Fund Information |
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Fund
Name
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EFG-Hermes
Middle East And Developing Africa Fund Limited
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Type of Fund
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Open-ended
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Manager
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EFG-Hermes
Financial Management (Egypt) Limited |
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Symbol
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MEDA |
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Place
of Incorporation
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Islands
of Bermuda |
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Date
of Inception
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30th
June 1998 |
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Listing
Date
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1st May 2003
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Investment objectives of Fund
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Achieve
long term appreciation through investment in Middle Eastern and
developing Africa equity and equity related securities. |
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Dividends Policy
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The
company intends to distribute its net investment income from
interest and dividends annually. The company intends to reinvest
its realised capital gains
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Currency |
US
Dollar |
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Minimum Lot Size
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US$
10,000
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Liquidity |
Quarterly
redemption & monthly subscription
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NAV |
Calculated
monthly and sent to the DFM during the first two weeks of every
month |
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Administrator |
M
Q Services Limited - Bermuda |
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Accounting Agent:
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EFG-Hermes
Financial Management (Egypt) Limited - Bermuda |
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Custodian |
HSBC,
Arab Banking Corporation- Tunisia, American Express Bank –
Cairo, Banque Commerciale du Maroc - Morocco |
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Auditor |
Deloitte
Touche Tohmatsu - Cairo |
| Chairman |
Mr.
Ahmed Abdelkefi
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Mr.
John Sanderson |
Director |
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Mr.
Roderick M. Forrest |
Director |
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Contact
Name:
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Mr.
Hassan
Kenawi
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Telephone: |
202
331 8214 |
Fax: |
202
336 5589 |
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Address:
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58
Tahrir St, Dokki, Giza 12311, Egypt
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E
mail:
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hkenawi@efg-hermes.com
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