Arab African Investment Management

What Arab African Investment Management does

Arab African Investment Management (AAIM) is a Cairo-based, privately held Egyptian asset management firm established in 2006 and operating as a wholly-owned subsidiary of Arab African Investment Holding (AAIH), which is in turn fully owned by Arab African International Bank (AAIB). The firm manages approximately EGP 88 billion in assets under management as of December 2025, spanning 17 diversified investment funds covering Egyptian equity, fixed income (EGP and USD), money market, capital protection, and Sharia-compliant mandates, plus bespoke portfolio management for institutional and high-net-worth clients. Leadership has been anchored since 2010 by Managing Director Mohamed Mostafa, supported by a CFA-certified Deputy Managing Director and Equity Portfolio Manager.

AAIM's product set includes flagship equity funds (Shield, Al Tameer, Gosour, Kenz Foras, Kenz Shariah), money market funds (Juman, Iskan, Diamond, El Fanar, Sarwaty, Misr Takaful), fixed income funds (Gozoor, Afaaq, Istsmar w Aman, Bareeq, Bond$), the Guard capital protection fund, and customized segregated portfolios. Many institutional products are co-founded with strategic anchor clients such as the Suez Canal Authority Insurance Fund, EgyptAir Holding Insurance Fund, Mega Holding, Housing and Development Bank, and Misr Takaful, embedding long-term mandates into the firm's distribution base.

The revenue model is anchored in recurring management fees on AUM, supplemented by modest subscription and redemption fees on selected funds (e.g., 0.75% on Shield redemption, 0.5%/0.25% on Al Tameer subscription/redemption) and free-fee positioning on others such as Bond$. Distribution combines the AAIB parent bank network, more than 14 third-party securities brokerage firms, and the Felousy mobile application for retail access. AUM has grown roughly 7x between end-2021 and end-2025, accompanied by regional industry awards each year from 2020 through 2025 and significant product cadence expansion.

Name

Arab African Investment Management

Legal name

Arab African Investment Management

Website

https://aaim.com.eg

Company type

Private

Founded year

2006

Operating status

Operating

Short description

Arab African Investment Management is a Cairo-based Egyptian asset manager and AAIB subsidiary managing roughly EGP 88 billion across 17 equity, fixed income, money market, capital protection, and Sharia-compliant funds for institutional, governmental, pension, insurance, and HNWI clients.

Ownership category

akta.pro rank

Product category

Investment Management / Asset Management

NAICS

Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394), Open-End Investment Funds (52591), Other Investment Pools and Funds (5259)

SIC

Investment Advice (6282)

akta.pro primary industry

Balanced & Allocation (Multi-Asset) Funds (FSAAAEAD)

akta.pro secondary industry

Islamic Private Banking & Wealth (FSABAGAD)

Keywords

• Asset management services
• Investment fund management
• Equity fund management
• Money market funds
• Portfolio management services

Headquarters

HQ city

Cairo

HQ country

Egypt

HQ region

Africa

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. Asset Management Fees: AAIM generates revenue primarily through management fees charged on assets under management. The company manages 17 diversified investment funds and bespoke portfolios, charging fees that vary by fund type and structure.
2. Fund Subscription/Redemption Fees: Some funds charge subscription and redemption fees. For example, Shield fund charges 0.75% redemption fee, while Al Tameer charges 0.5% subscription and 0.25% redemption fees. Many funds offer free subscription and redemption to attract investors.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels5 records

Core offering

Arab African Investment Management manages a diversified suite of 17+ regulated investment funds and bespoke segregated portfolios for Egyptian institutional and individual investors. Fund offerings span equity (e.g., Shield, Al Tameer, Gosour, Kenz Foras, Kenz Shariah), money market (Juman, Iskan, Diamond, El Fanar, Sarwaty, Misr Takaful), fixed income in EGP and USD (Gozoor, Afaaq, Istsmar w Aman, Bareeq, Bond$), and capital protection (Guard), with distribution through brokerage firms, the AAIB parent bank, and the Felousy app.

Product overview

Arab African Investment Management (AAIM) is an Egyptian asset management company managing a diversified suite of 17+ investment funds and customized portfolio management services. The product portfolio includes equity funds (Shield, Al Tameer, Gosour, Kenz Foras, Kenz Shariah), money market funds (Juman, Iskan, Diamond, El Fanar, Sarwaty, Misr Takaful), fixed income funds in EGP and USD (Gozoor, Afaaq, Istsmar w Aman, Bareeq, Bond$), and capital protection funds (Guard). The company also offers bespoke portfolio management services for institutional clients and high-net-worth individuals. Funds are distributed through multiple brokerage channels and the Felousy mobile application. The company manages approximately EGP 88 billion in assets under management as of December 2025.

Differentiator

Problem solved

Functional benefit

Brands

• Shield: Equity fund sponsored by Arab African International Bank, the largest equity fund in the Egyptian market
• Juman
• Iskan
• Diamond
• Gozoor
• Guard
• Afaaq
• Istsmar w Aman
• Misr Takaful
• Bareeq
• El Fanar
• Al Tameer
• Kenz Foras
• Kenz Shariah
• Sarwaty
• Gosour
• Bond$

Products and services

• Shield Equity Fund Equity fund investing in Egyptian stocks; the largest equity fund in the Egyptian market, established by Arab African International Bank and managed by AAIM. Available to institutional and individual investors with daily subscription and redemption (minimum 5 certificates).
• Juman Money Market Fund Money market fund in Egyptian pounds with cumulative daily return, investing in short-term fixed income instruments with a maximum average maturity of 150 days. Sponsored by Arab African International Bank.
• Iskan Money Market Fund Money market fund with cumulative daily return launched by Iskan Insurance, providing tax-free returns and daily liquidity for institutional and individual investors.
• Diamond Money Market Fund Money market fund with cumulative daily return and a maximum average maturity of 150 days; the first fund launched by parent Arab African Investment Holding, raised through private placement.
• Sarwaty Money Market Fund Money market fund established by Civil Aviation Financial Holding Company, providing cumulative daily returns and a tax-free investment vehicle for investors.
• El Fanar Money Market Fund Money market fund investing in short-term fixed income instruments including treasury bills, government bonds, corporate bonds, and sukuk; established by Suez Canal Insurance Fund, Mega Holding, and EgyptAir Insurance Fund.
• Misr Takaful Sharia-Compliant Money Market Fund Sharia-compliant money market fund in Egyptian pounds managed for Misr Takaful Insurance Company, structured for Islamic-compliant short-term fixed income exposure.
• Gozoor Fixed Income (EGP) Fund Fixed income fund in Egyptian pounds investing in debt instruments and fixed income securities, sponsored by Arab African Investment Holding.
• Afaaq Fixed Income (EGP) Fund Fixed income fund in Egyptian pounds investing in fixed income instruments with medium-term maturity profiles.
• Istsmar w Aman Fixed Income (EGP) Fund Fixed income fund in Egyptian pounds managed in partnership with an insurance company, focused on capital preservation through fixed income exposure.
• Bareeq Fixed Income (EGP) Fund Fixed income fund in Egyptian pounds providing investment opportunities in fixed income securities with daily liquidity.
• Al Tameer Equity Fund Equity fund investing in listed shares on the Egyptian Stock Exchange, originally established by Housing and Development Bank in 2008 and currently managed by AAIM with weekly subscription and redemption (0.5% subscription fee, 0.25% redemption fee).
• Kenz Foras Equity Fund Actively managed equity fund within the Kenz multi-issuance structure targeting Egyptian listed companies and sectors with strong growth potential trading below fair value, using fundamental and technical analysis.
• Kenz Shariah Equity Fund Sharia-compliant equity fund tracking the EGX33 Shariah Index with minimum 80% correlation, targeting investors seeking Islamic-compliant exposure to Egyptian equities.
• Kenz EGX70 EWI and Kenz EGX35 LV Equity Fund Tranches Two new index-tracking tranches under the Kenz Equity Fund umbrella: Kenz EGX70 EWI tracking the EGX70 Equal Weighted Index and Kenz EGX35 LV, providing diversified passive equity exposure to Egyptian-listed stocks.
• Gosour Equity Fund Equity fund investing in listed stocks on the Egyptian Exchange using fundamental and technical analysis; established through collaboration with Suez Canal Authority Insurance Fund, Mega Holding, and EgyptAir Holding Company Insurance Fund.
• Bond$ Fixed Income (USD) Fund USD-denominated fixed income fund with cumulative return, diversifying across US-dollar-denominated fixed income instruments with multiple maturities; offers daily subscription, weekly redemption, no fees, and availability to both Egyptian and foreign investors.
• Guard Capital Protection Fund Capital protection fund designed to preserve capital while providing modest returns, focused on low-risk investments; sponsored by Arab African International Bank.
• Customized Portfolio Management Service Bespoke segregated investment portfolio management service customized to each client's requirements, covering equity, fixed income, and Sharia-compliant mandates; targeted at private institutions, public/government institutions, pension funds, insurance companies, and high-net-worth individuals.

Quantifiable outcome

• AUM grew from EGP 12.5B (2021) to EGP 88B (2025), representing 7x growth in 4 years
• +4 more outcomes

Named customers3 records

Segments6 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Partnerships

Twelve partnerships are on record, tiered core and minor.

• CI Asset ManagementcoreStrategic or Co-development Partner · 1 June 2026Co-management of Investor Protection Fund portfolios alongside AAIM. The EGP 500 million investment mandate was split equally between CI Asset Management and AAIM, bringing the Fund's total investments through securities portfolios to EGP 1.5 billion. The partnership was formalized at a signing ceremony attended by Egyptian Exchange leadership.
• Suez Canal Authority Private Insurance FundcoreStrategic or Co-development Partner · 28 December 2025One of three founding institutions for Gosour Equity Fund, alongside Mega Holding and EgyptAir Insurance Fund. The fund achieved 19x oversubscription.
• Mega Holding for InvestmentcoreStrategic or Co-development Partner · 28 December 2025Co-founder of Gosour Equity Fund with Suez Canal Authority and EgyptAir Insurance Fund. Active partner in multiple fund launches.
• EgyptAir Holding Company Private Insurance FundcoreStrategic or Co-development Partner · 28 December 2025Co-founder of Gosour Equity Fund alongside Suez Canal Authority and Mega Holding.
• Felousy (PFI Investment Services)coreChannel Partner/ Reseller/ Distributor · 30 November 2025Partnership to host AAIM managed funds on the Felousy mobile application, launched at Egypt Post Pavilion during Cairo ICT 2025. The agreement was signed by Mohamed Mostafa (AAIM MD) and Karim Riad (PFI MD & CEO), with presence of Egypt Post leadership. This digital distribution partnership enables retail investor access to AAIM's fund products through the Felousy platform.
• Egypt PostminorChannel Partner/ Reseller/ Distributor · 30 November 2025Egypt Post provides the platform infrastructure (Felousy app) for hosting AAIM funds through PFI Investment Services partnership, enabling wider retail distribution.
• AbgadcoreGTM or Marketing Partner · 7 January 2024Strategic partnership between Abgad and AAIM to provide comprehensive financial solutions for educational institution customers. The collaboration enables schools and universities to access investment options that achieve optimal net returns and hedge against rising inflation. This is part of AAIM's expansion into new customer segments beyond traditional financial institutions.
• Suez Canal Authority Private Insurance FundcoreStrategic or Co-development Partner · 14 November 2023Co-founder of Al Fanar Money Market Fund alongside Mega Holding and EgyptAir Insurance Fund. The fund achieved 9x oversubscription, reflecting strong institutional demand.
• Mega Holding CompanycoreStrategic or Co-development Partner · 14 November 2023Co-founder of Al Fanar Money Market Fund alongside Suez Canal Authority and EgyptAir Insurance Fund. Key institutional partner in multiple fund launches.
• EgyptAir Holding Company Insurance FundcoreStrategic or Co-development Partner · 14 November 2023Co-founder of Al Fanar Money Market Fund alongside Suez Canal Authority and Mega Holding.
• International Finance MagazineminorOthers · 20 October 2022Award recognition partnership for Gozoor Fund as best performing fixed income fund in 2021.
• Global Business Review MagazineminorOthers · 20 October 2022Award recognition partnership for Guard Fund as best capital protection fund in 2021.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Regional players

• Mubasher Financial Services: Regional financial services platform with Egyptian brokerage and investment offerings. Operates as both a distribution partner for AAIM and a competing provider of investment products for retail and institutional Egyptian clients.
• Naeem Holding: MENA-focused investment bank and asset manager with significant Egyptian operations. AAIM's MD previously worked at Naeem; directly comparable in regional equity and fixed income fund management with overlapping Egyptian institutional clients.
• Arabian Food & Dairy Products (AFDP) — Misr Capital: Egyptian investment bank and asset manager that distributes AAIM funds via its brokerage. Closely comparable in serving Egyptian institutional clients with bespoke portfolio management mandates.

Direct peers

• CI Capital: Egyptian financial group with asset management, investment banking and brokerage. Co-manages the Investor Protection Fund mandate with AAIM and is one of AAIM's distribution partners, making it the closest direct peer in Egyptian institutional asset management.
• Prime Securities: Egyptian securities firm providing brokerage and asset management. AAIM's MD previously worked at Prime Securities. Comparable Egyptian investment management and brokerage competitor serving similar institutional and retail segments.
• HC Securities & Investment: Egyptian securities firm offering brokerage and asset management. Functions as both a distribution channel for AAIM funds and a direct peer in Egyptian equity portfolio management, and previously employed one of AAIM's portfolio managers.
• Azimut Egypt (formerly Rasmala Egypt): Egyptian asset management arm of Azimut group. AAIM's MD previously headed Research & PE at Rasmala. Directly comparable Egyptian institutional and retail fund manager with similar product mix.
• Pharos Financial Holding: Egyptian investment bank with asset management arm. AAIM's Deputy MD previously worked at Pharos. Comparable in serving institutional clients with Egyptian equity research, brokerage and asset management offerings.

Broad incumbents

• Beltone Financial Holding: Egyptian financial services platform offering asset management, brokerage and investment banking. Competes with AAIM for institutional mandates and Egyptian equity/fixed income fund mandates.
• EFG Hermes: Largest investment bank in Egypt with a sizeable asset management arm managing Egyptian and MENA equity/fixed income funds. Directly comparable as a domestic institutional asset manager serving institutional and HNW clients, though with a much broader investment banking franchise.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Arab African Investment Management