Arab African Investment Holding Runs EGP 2.7 Assets

Karim Eweiss – the Managing Director at Arab African Investment Holding ( AAIH ), said the company’s current assets have hit EGP 2.7 billion in 2012, an increase of 50%, compared to EGP 1.35 billion in 2011.

He also stated that AAIH’s mutual funds sector runs 85% of the assets; while the company’s financial portfolios run 15% only. The financial portfolios are almost of governmental institutions, he added.

The company runs the Arab African International Bank (AAIB)’s 3 funds; Shield Mutual Funds (valued at EGP 310 million), Gozoor Fixed Income Fund (EGP 495 million), and Juman Money Market Fund (EGP 1.3 billion), Eweiss noted.

On the direct investments, Eweiss said AAIH owns an open SMEs fund valued at EGP 80 million.