Portfolio estimated to be EGP 165m, assigning management to company is due to its experience in field: managing director
The Arab African Investment Management (AAIM) company has won the management of the portfolio of the pilots’ insurance fund, one of the funds of the employees of EgyptAir, estimated to be EGP 165m, according to Mohamed Moustafa, the managing director of the company.
Moustafa explained that AAIM has signed a contract to manage the portfolio of this fund, pointing out that choosing the company is due to the record of the company and its distinct performance in terms of managing the portfolios it manages, as well as the various investment funds.
The Financial Regulatory Authority has obliged private insurance funds to assign the management of the funds to a professional investment manager or hire a full-time manager who would be responsible for managing the fund according to decision No. 99 for 2015.