Acumen’s assets under management 1.2 bln Egyptian pounds at end of March

Egypt-based investment bank, Acumen Holding’s assets under management stood at 1.2 billion Egyptian pounds at the end of March, chairperson of the AUM department said Wednesday.

Acumen is running two investment funds in equities in addition to financial portfolios for some private and public-sector firms as well as state-run banks, said Rana Adawi, Chairperson of Acumen Asset Management, told Amwal Al Ghad on Wednesday.

Acumen Holding is a company that provides financial solutions and investment ideas it provides both Asset management investments and security investment.

Acumen Holding is a leading Egyptian investment bank established in 2010 with an authorized capital of 200 million pounds and a paid-in capital of 30 million pounds. The company has three subsidiaries: Acumen Asset Management, Acumen Securities & Brokerage, and Acumen Beltone Real Estate Fund Management.