CI Capital: Q3 AUMs hit 8.2 billion Egyptian pounds

Egypt-based investment bank CI Capital’s assets under management have reached 8.2 billion Egyptian pounds ($463.4 million) at the end of third quarter, managing director Amr Abol-Enein announced Sunday.

Abol-Enein further told Amwal Al Ghad that CI Capital is in ongoing talks with a number of Gulf investors to run their financial portfolios, in bid to benefit from the GCC’s current positive outlook for the Egyptian economy following the floatation of the Egyptian pound.

He further said CI Capital is currently running six mutual funds, notably two funds owned by Egypt’s biggest private-run lender, Commercial International Bank (CIB), namely Osoul and Thabat.

CI Capital plans to boosts its AUMs by alluring new segments of portfolios owned by some major institutions and government entities, notably private insurance funds, Abol-Enein concluded.