Dutch development bank FMO is proposing a $20 million investment in the Ezdehar Mid-Cap Fund II, which aims to provide capital to SMEs/mid-cap companies operating in Egypt. The fund will be managed by Ezdehar B.V. with a targeted fund size of $150 million in commitments.

This represents a continuing relationship for FMO, having committed to the predecessor fund in 2016.

The fund manager intends to promote development by enhancing sustainable growth of private sector businesses i...