EGB Eyes Boosting AUM through its Investment Arm to EGP500mn

By Salma Ayman On Nov 30, 2014

Egyptian Gulf Bank (EGB) has transferred its investment assets to Egyptian Gulf Holding for Financial Investments (EGHFI) the bank’s investment arm which estimated at EGP300 million, Head of Retail Banking Sector and Senior General Manager at (EGB) Sherif Farouk revealed.

Speaking to Amwal Al Ghad Arabic’s Website, the bank is seeking to transfer other investments assets under management which are worth EGP200 million, so that the total value of managed investments through EGHFI will reach EGP500 million, Farouk noted.

In the last period, he explained that EGB’s stake in Prime Holding company for Financial Investments has transferred to EGHFI, and it is currently transiting the bank’s remaining investments.