Egypt’s CI Capital assets under management reach $582.2 mln in 2019

Egypt’s investment bank CI Capital reached 9.2 billion Egyptian pounds ($582.2 million) in assets under management by the end of 2019,  according to its  Co-CEO Hazem Badran.

CI Capital is managing assets of fixed-income, money market, and equity traditional and Shariah-compliant funds on behalf of its institutional clients.

He addded on the sidelines of a press conference that his company is managing 9 various investments funds including CIB Money Market Fund, Osoul, CIB Equity Fund, Estethmar, CIB and Faisal Shariaa Compliant Equity Fund , Aman, CIB Capital Protected Fund, Hemaya, Banque du Caire Fixed Income Fund, El Thabat, UBE Money Market Fund, Rakhaa, and Takamol Fund.

He added that the company has completed all the necessary procedures to launch the first investment fund for Suez Canal Bank with capital of 25 million Egyptian pounds by the end of Q1 2020.

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.