ICEC

Rasmala Egypt increases its assets under management to 9.2 mln pounds

Asset management firm, Rasmala Egypt announced that the total value of assets under management has increased to 9.2 billion Egyptian pounds by the end of 2017 according to its chairman.

Ahmed Abou El-Saad, Chairman of Rasmala Egypt, further told Amwal Al Ghad that the company is planning to boost its total assets under management (AUMs) in Egypt.

Such a plan (increasing Egypt AUMs) will depend on issuing a number of new financial products and communicating with the insurance companies to secure new funds in the coming period, Abou El-Saad said.

Rasmala is currently managing two funds in Egypt namely Arab Banking Corporation and Export Development Bank of Egypt. it has total assets of  $1.1 billion in various markets

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