CI Capital Asset Management at a Glance

More than EGP 9 billion in AUM, making us the largest bank-owned asset manager in Egypt and number three overall

Full range of fixed income, money market and equities products and a noted pioneer in product innovation, including Egypt's first one-year open-ended capital protected fund and first shari'ah-compliant fund

Manager of top-performing money market fund in Egypt in 2011, 2012 and 2013

Strong emphasis on corporate governance to align business practices with the best interests of shareholders while maximizing transparency through timely disclosure and financial reporting

24 professionals

Sophisticated investment approach with top-down, bottom-up and structured product methodologies alongside fixed-income strategies including active, passive and core-plus

Our Team

  • Amr Abol-Enein, CFA, CAIA, FRM
    Managing Director and Head of Asset Management

    As head of the asset management team, Amr oversees a team of more than 20 professionals. Amr has more than 20 years of hands-on experience in the field of equities, debt, and alternative investments, having previously served as General Manager and Head of Investment at Banque du Cairo (Egypt), where he was also a member of the ALCO Investment and Executive Committees in addition to chairing the bank’s Mutual Fund Supervisory Committee. Amr was earlier Executive Director and Managing Director of a number of local and international investment banks including HC Securities & Investment and ING Bank Netherlands (London and Dubai), where he headed both equity and fixed-income research and investment strategy for MENA markets. He also co-managed DAMAC Invest’s USD 2 billion equity fund in the Middle East, North Africa and Turkey. Amr has also served as a senior consultant to the Central Bank of Egypt on privatization, M&A and asset management for state-owned banks and was a voting member in a number of Egyptian State Privatization Committees. He began his professional career with stints at Arab Bank NSGB. Amr holds an MBA from Birmingham Business School, UK and was awarded accreditation from the Securities Investment Institute of the United Kingdom, where he previously advised UK-based clients on financial investments.

Funds Under Management

Name Type Date of Inception
Al Thabet Fixed income February 2013
Rakhaa Islamic money market May 2012
Thabat Fixed income September 2011
Hemaya Capital protected August 2010
BLOM Money Market Fund Money market September 2009
Al Aman Islamic equity October 2006
Istethemar Equity April 2006
Osoul Money market April 2005

A Sophisticated Investment Approach

Top-Down

  • Proprietary scoring method used to analyze economic and market conditions
  • Identifies opportunities across asset classes, countries, and sectors to construct portfolio
  • For fixed-income products, looks to consensus drivers to achieve out-performance

Bottom-Up

  • Evaluates companies through direct visits
  • Follows a “rational growth” investment philosophy with emphasis on the greatest potential for earnings growth
  • Stocks selected based on two criteria: quality (defined in reference to management, business focus, and corporate governance) and price (calculated relative to key financial ratios, market, peer group and business prospects)

Structured Product

  • Investment solutions tailored to each individual or institution’s needs. Seeks to generate positive absolute returns under a variety of market conditions while catering to each investor’s specific risk appetite.

Track Record

  • 2012
    Launced Rakhaa, first Shari'ah-compliant money market fund in Egypt for United Bank of Egypt
  • 2011-12
    BLOM Money Market Fund ranked first among all money market funds in Egypt
  • 2011-12
    EMEA Finance's Best Asset Manager in Egypt
  • 2010-12
    Named Best Asset Manager in Egypt by Global Investor three years running
  • 2010
    Launched first open-ended, one-year capital protected fund in Egypt, the CIB Capital Protected Fund (Hemaya)
  • 2008
    Osoul ranked number one among all money market funds in Egypt
  • 2005
    Established CIB Money Market Fund (Osoul) with a total initial size of EGP 1 billion, the largest offering in the history of money markets