Press release

Egypt, Thursday, 1 September 2022: Arab African Investment Management (AAIM) announced the commencement of the private placement in the “Bareeq Fund” for investment opportunities in fixed-income securities”, on Sunday, September 4, 2022. The new investment fund, issued by Bareeq Company, is specialized in fixed-income instruments and is available to individuals and Institutions.

Mr. Mohamed Mostafa, Managing Director of AAIM, added: "The offering of the fund is well timed, especially in light of the high yields generated by fixed-income instruments. The fund's assets will be invested in short- and medium-term fixed-income instruments that are characterized by high liquidity, such as Treasury bills and other government debt instruments."

Mr. Mostafa added that it was decided to close the subscription door quickly after the good coverage witnessed by the fund, which reflects more demand from individual and institutional investors.

The fund will allow clients to subscribe and redeem its certificates on a daily basis.

It is worth noting that subscriptions will be through Arab African International Securities (AAIS), and Ahli United Bank Egypt has been chosen as the fund’s custodian.

About ARAB AFRICAN INVESTMENT MANAGEMENT (AAIM)

Since its launch in 2006, Arab African Investment Management (AAIM) has been catering to both private and public institutions as well as high-net-worth individuals, building investment products that provide exposure to equity, fixed-income, and money markets. AAIM is one of the fastest-growing investment management firms in Egypt. Our AUMs grew to EGP12.5 billion by end of 2021, with AUMs and the number of clients growing by a 5-year CAGR of c.40% each. In 2022 alone, our AUMs grew by more than 45% to EGP20 billion.

AAIM is a subsidiary of Arab Africa Investment Holding which is fully owned by Arab African International Bank (AAIB).

For more details, please visit the company’s website: aaim.com.eg