Egypt: AAIM's assets under management jump to USD269m
(MENAFN) Egypt's Arab African Investment Management (AAIM) was unveiled to have registered a boost in its overall assets under management, standing at USD269 million.
Arab African Investment Management Company is considered as part of Arab African International Bank (AAIB), a bank where the Egyptian central bank has a stake in.
AAIM managing director Mohamed Moustafa revealed 3.1 billion pounds to have been reached in the total assets the company manages in the end of last year.
The managing director added "the growth in managed assets, amounting to 1.7 billion pounds, came as a result of the new mandates to manage more financial portfolios."
Arab African Investment Management Company is considered as part of Arab African International Bank (AAIB), a bank where the Egyptian central bank has a stake in.
AAIM managing director Mohamed Moustafa revealed 3.1 billion pounds to have been reached in the total assets the company manages in the end of last year.
The managing director added "the growth in managed assets, amounting to 1.7 billion pounds, came as a result of the new mandates to manage more financial portfolios."
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