Press release

Egypt, Sunday, 25 December 2022: World Business Stars Magazine rated Arab African Investment Management (AAIM) as the Best Emerging Asset Management Firm in the Middle East and North Africa region for the year 2022.

Commenting on this, Mr. Mohamed Mostafa, Managing Director of AAIM,said: “We are honored by this rating from one of the specialized international magazines as the Best Emerging Asset Management Firm in the Middle East and North Africa region. This prestigious award reflects the great success achieved by the team over the past years and also highlights the firm’s distinguished position within the financial asset management industry.”

Meanwhile, Mr. Hussein El-Sherbiny, Vice Chairman & Managing Director of Arab African Investment Holding (AAIH), commented: “The fact that AAIM (one of AAIH’s subsidiaries) received this prestigious award confirms its superiority and crowns the firm’s efforts made to develop its performance and services. This is also an incentive for the firm to continue its efforts to deliver the best for its clients.”

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