Press release

Arab African Investment Management Company, as the investment manager of Al Fanar Cash Fund, announced the closure of the subscription in the fund on the previous Wednesday, December 6, 2023, with a coverage of approximately 9 times. Mr. Mohamed Mostafa, the Managing Director, expressed his great satisfaction with the success of the team in completing this offering in record time and with such outstanding coverage, which clearly reflects the company's excellence in launching new investment funds in the Egyptian market and the clients' confidence in its investment products.

He also stated that the timing of the fund's offering is considered good, especially given the high returns of fixed-income instruments, which will positively impact the best investment returns for the document holders. The fund's assets will be invested in short and medium-term fixed-income instruments that are highly liquid, such as treasury bills, government debt instruments, and other Money Market funds, with an average maturity not exceeding 13 months. The fund will allow its clients to subscribe and redeem their documents on a daily basis.

About Arab African Investment Management Company:

Since its establishment in 2006, Arab African Investment Management Company has worked to meet the needs of both private and public sector institutions, as well as high net worth individuals, by offering investment products that enable its clients to invest in stock markets, fixed-income instruments, and cash. 

Arab African Investment Management Company is one of the fastest-growing asset management companies in the Egyptian market and is distinguished in managing securities portfolios and investment funds.

Arab African Investment Management Company is a subsidiary of Arab African International Investment Holding Company, which is owned by Arab African International Bank.