ther the Company nor the Manager are involved in the day-to-day management of portfolio companies and in no circumstances does the Company acquire legal or management control of any such companies. However, because of its shareholdings, the Company may have the power to influence management. It exercises this power only in extraordinary circumstances, including in connection with the implementation by the Company of an exit strategy in respect of any investment.Pending investment or re-investment in Egyptian equity securities of the proceeds of the issue of Shares or the proceeds of any realization of investments or distributions to Shareholders, and to the extent otherwise considered appropriate by the Directors for meeting cash needs, the Company invests all or a portion of its assets not invested in Egyptian equity securities in cash deposits, money market investments and Egyptian or OECD government securities.The Company's assets are denominated principally in Egyptian Pounds and US Dollars.Investment RationaleThe original rationale behind the establishment of the Company and the Initial Offer was the Directors belief that Egypt was economically diverse and offered attractive and varied investment opportunities and that economic reforms and the third phase agreement with the international Monetary Fund would improve growth prospects for the country. Many Egyptian companies were experiencing growth assisted by an Egyptian Government committed to market liberalization, a reduction in government bureaucracy, privatization and policies favoring exports. The Directors continue to hold these beliefs and consider that Government policy and economic and market growth since the Initial Offer is wholly consistent with such beliefs.Portfolio Guidelines & ConstraintsAs earlier mentioned, the allocation of a client's assets is based on his return / risk profile, and is guided by a few constraints. Following is a typical list of such constraints:...
