Egypt’s CI Capital AUMs to reach EGP 10bln by March 2019

Egypt’s investment bank CI Capital seeks to increase assets under management  portfolio including investments funds and financial portfolios to 10 billion Egyptian pounds by the ends of March 2019 according to its Managing Director.

Amr Abol-Enein told Amwal Al Ghad that CI Capital reached 8.3 billion Egyptian pounds ($463.5 million) in assets under management by the end of first quarter of the year.

“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.

Aboul Enein highlighted the requirements needed to activate the Egyptian money market and support its ability to reap the benefits of the ongoing reform program, represented in the diversification of the financial instruments and stimulate the public offering market.

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 corporate, SMEs, and high net worth, and individual investors.