Egypt’s CI Capital plans to increase assets under management this year

Egyptian investment bank, CI Capital is planning to increase its assets under management this year, its deputy group CEO Hazem Badran said Tuesday.

During CI Capital’s investment conference kicked off Tuesday, Badran said the company is managing around 9 billion Egyptian pounds (US$1.15 billion), and is targeting to increase that figure this year.

The mutual fund owned by Commercial International Bank – CIB, Egypt’s biggest private bank, captures around 4 billion pounds of CI Capital’s total assets under management, Badran added.