Rasmala Egypt to launch two new funds to increase AUMs

Asset management firm, Rasmala Egypt seeks to launch  two new funds in the Egyptian market during the next four months  to increase its Assets under managment, according to its chairman.

Ahmed Abou El-Saad, Chairman of Rasmala Egypt, further told Amwal Al Ghad that the two funds include new pension fund  with initial capital of 100 million pounds.

He added that the company’s strategy to increase its assets under management of 10 billion Egyptian pounds focus on launching new kind of funds in addition to capturing new financial portfolios.

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

Rasmala delivers a range of investment solutions, which give investors the opportunity to construct balanced and sophisticated portfolios covering a range of asset classes