Egypt’s CI Capital assets under management reach $463.5 mln in Q1

Egypt’s investment bank CI Capital reached 8.3 billion Egyptian pounds ($463.5 million) in assets under management in the first quarter of the year, its managing director said on Sunday.

CI Capital is managing assets of fixed-income, money market, and equity traditional and Shariah-compliant funds on behalf of its institutional clients, Amr Abol-Enein told Amwal Al Ghad.

“We are seeking to boost our AUMs by holding a series of negotiations with some local and Gulf investors to manage their financial portfolios and acquiring a stake in local insurance firms,” Abol-Enein said.

Founded in 2005, CI Capital, through its headquarters in Cairo and presence in New York and Dubai, offers a wide range of financial solutions to a diversified client base that include global and regional institutions and family offices, large corporates, SMEs, and high net worth, and individual investors.