Egypt’s Misr Asset Management reaches 500 mln pounds in AUMs

Egypt’s Misr Asset Management (MAM), the investment bank arm of Misr Insurance Holding, says it has currently around 500 million Egyptian pounds ($27.6 million) in assets under management portfolio.

MAM is seeking to increase its AUM portfolio to record 1 billion pounds at the end of June 2018, Atef El Mahmoudy said in a recent interview with Amwal Al Ghad.

MAM has been established in May 2009 as a joint stock company fully owned by Misr Insurance Holding Company and its subsidiaries.