Masr Capital Eyes AUM Volume Increase To EGP 5 Bln

Masr Capital said it targets increasing the volume of its Assets Under Management (AUM) portfolio to EGP 5 billion within 2013.

The company’s Chairman and Managing Director Hassan Soliman stated that Masr Capital is working on boosting the AUM total volume through making expansions in the biddings and assessment  processes which the company is going to run within the coming period.

Soliman further said Masr Capital has managed during 2012 to run biddings of which the total volume has hit EGP 2 billion.

Soliman noted that Masr Capital has completed the restructure of around 16 firms out of the 20 firms. Soliman said the company will be restructuring the 4 firms within the coming period.

The company’s first-quarter AUM total volume has recorded around EGP 2 billion amid the successful running of assets which represent around 45% of the Egyptian market volume.