AUB Fund records 200% of its capital

Ahli United Fund achieved EGP 220 million in public offering wealth, which is the double value of the initial capital, about EGP 100 million.

Ahli United Bank’s fund invested in short-and-average term fixed income instruments in a 15-day public offering.

Ahli United Bank achieved a high public offering rate, despite the economic instability and retreatment.

Ahli United Bank is currently studying launching a second investment fund, investing in securities, with an initial capital of EGP 25 million, increasable during the public offering in the beginning of the second quarter of the current year.

The AUB’s prospected expansion in Islamic banking is not a challenge as AUB has Islamic banks in Kuwait.

AUB group achieved USD 310.6 million in net profit, the highest rate since it was founded in 2000, with a 17% growth rate, compared with 2010 net profit. AUB recorded USD 70.3 million in net profit in the fourth quarter of 2011, compared with USD 64.4 million for the same period in 2010.