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AAIM managed assets worth EGP 3.5bn by mid-2015 - Daily News Egypt

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AAIM managed assets worth EGP 3.5bn by mid-2015

AAIM is one of the financial subsidiaries of the Arab African International Bank (AAIB).


During the first half of 2015, the size of assets managed by the Arab African Investment Management (AAIM) amounted to EGP 3.5bn.

These include a variety of funds and diversified investment portfolios  for government agencies, legal bodies, companies, and individuals.

AAIM is one of the financial subsidiaries of the Arab African International Bank (AAIB).

The company recently participated in the forum of private insurance funds, entitled “Legislative developments in the field of private insurance funds”, which was organised by the Financial Services Institute, a subsidiary of the Egyptian Financial Supervisory Authority (EFSA).

The forum shed light on the role of private insurance funds in the collection and usage of savings in financing major national investments. This is in addition to its role in reducing the effects of inflation and creating job opportunities for youth.

According to Managing Director of AAIM Mohammad Mostafa, the majority of private insurance funds investments are limited to deposits and investment certificates. Therefore, there are other financial tools where those funds should direct part of their investments, such as government bonds, treasury bills, fixed income funds, shares, and direct investment.

This is where the importance of relying on a professional investment manager, who has experience in the management of these various investments, appears, he said.

Mostafa said the amendments made by the EFSA on some provisions of the private funds regulations have come at the right time. Those amendments aimed to improve the investment system of insurance funds.

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https://dailyfeed.dailynewsegypt.com/2015/12/01/aaim-managed-assets-worth-egp-3-5bn-by-mid-2015/
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