The amount of assets under management of the Arab African International Bank (AAIB)’s subsidiary, Arab African Investment Holding (AAIH,) has doubled to EGP 3.1bn by the end of 2014. This figure compared to EGP 1.3bn in 2011, said Mohamed Mostafa, managing director of AAIH.
Mostafa noted that AAIH is pumping investments in 2015 to increase the amount of circulated fund through attracting new customers, adding that his bank is planning to launch new investment funds this year.
AAIH has recently expanded the activities of the small and medium enterprises (SMEs) fund, which was previously focused on industrial companies. The fund will now include all economic activities, Mostafa pointed out, further noting that his company is expected to sign a SMEs deal in the first quarter of 2015.