Growing Saudi Berries Is Investment for Egyptian Morpho Fund (1)

Growing berries in Saudi Arabia and a farming project by the Nile are among the first investments of a new private equity firm co-founded by the former chief of Egypt’s sovereign wealth fund.

Morpho Investments is making the moves after raising $55 million in first-round financing for its inaugural fund from leading Egyptian and regional high-net-worth family offices and institutional investors, according to managing partners Ayman Soliman and Ihab Rizk.

The firm has invested capital in specialist company Agriventures to help secure an exclusive license to grow, sell and market berries in Saudi Arabia and Oman, they said in ...