Premiere eyes 500 mln Egyptian pounds in AUMs at 2017-end

Egypt-based financial service company, Premiere Holding says it plans to increase its assets under management (AUMs) to 500 million Egyptian pounds ($27.8 million) at the end of 2017.

Premiere’s AUMs currently stand at 100 million pounds, its chairman Ahmed Adel further added on Monday.

The planned increase in AUMs will be driven by launching two new funds in sectors of agriculture and real estate, in addition to promoting financial portfolios under management, Adel further told Amwal Al Ghad.