logo
CI Capital Asset Management launches Egypt's first Sustainable Equity Fund

CI Capital Asset Management launches Egypt's first Sustainable Equity Fund

Zawya18-06-2025
Cairo, Egypt: CI Capital Asset Management (CIAM), Egypt's leading asset manager and a Forbes Top 40 asset manager in the Middle East and North Africa (MENA) region, a subsidiary of CI Capital Holding (CICH.CA), is proud to announce the launch of the country's first open-ended sustainable equity fund — the 'Misr Green – Sustainability (ESG) Fund' — a pioneering product in Egypt's investment landscape.
The fund opens for subscription on Wednesday, 18 June 2025, and upon the close of the subscription period will be the first sustainable/ESG fund offered on Egyptian banking platforms.
The new fund offers investors a differentiated, responsible investment solution one that captures both the growth potential and the best business practices of Egypt's leading companies. It targets superior returns while aligning with and contributing to Egypt's sustainable development goals.
The Misr Green – Sustainability (ESG) Fund is an open-ended ESG index tracker fund that invests in the 30 best-performing listed companies on the Egyptian Exchange (EGX), selected for their leadership in environmental, social responsibility, and governance (ESG) standards across a diversified range of sectors.
The fund aims to track the official EGX ESG index, which has demonstrated sustained outperformance compared to conventional equity indices over time.
The launch of this fund marks a significant milestone in CIAM's leadership and innovation in the being the first ESG-focused public equity fund accessible through Egyptian banks. This initiative comes as global studies continue to show that sustainable investments outperform conventional alternatives on a risk-adjusted basis over the long term, despite recent short-term market volatility.
'The launch of the Misr Green Sustainability (ESG) Fund is a new chapter in our ongoing effort to offer innovative, impact-driven investment products to both institutional and individual investors. We are proud to be the first asset manager in Egypt to provide a public equity fund that systematically integrates ESG principles in line with global best practices and our internal sustainability policy,' Commented Dr. Amr Abol Enein, CEO and Managing Director of CI Capital Asset Management.
The new fund complements CIAM's growing range of investment solutions, tailor-made to meet the evolving needs of both institutional and individual investors within the local market and abroad. It is the firm's third index-tracking product after the company introduced its equity fund tracking the EGX30 Capped index 'Misr Equity' in 2022, the first of its kind in the local market, followed by the launch of yet another first-of-its-kind product in the local market 'Misr Shariah Equity' which tracks the EGX 33 Shariah index, both were followed by the recent successful launches of the company's sector equity funds and the USD fixed-income fund. This adds further diversity and choice to the firm's product suite, reinforcing CIAM's leadership position in the Egyptian market in terms of the size of assets under management (AUM), product breadth, and innovation.
CI Capital Asset Management is the largest asset manager in Egypt, with the largest assets under management (AUM), the largest number of funds and mandates, and the widest product variety. The firm was ranked again among the top 40 asset managers in the Middle East for 2025 by Forbes Middle East. CIAM currently manages assets exceeding EGP 82 billion, one of the highest in Egypt, and has received multiple awards for its leadership in asset management across Egypt, the Middle East, and Africa.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Talabat lifts 2025 outlook after strong growth in Q2
Talabat lifts 2025 outlook after strong growth in Q2

Khaleej Times

time29 minutes ago

  • Khaleej Times

Talabat lifts 2025 outlook after strong growth in Q2

Talabat Holding has reported strong financial results for the second quarter of 2025, prompting the Mena region's leading online ordering and delivery platform to raise its full-year guidance. The company posted a 32 per cent year-on-year increase in gross merchandise value (GMV) to $2.4 billion, with revenue up 35 per cent to $982 million. On a constant currency basis, GMV growth reached 33 per cent and revenue climbed 36 per cent. Adjusted Ebitda rose 31 per cent to $166 million, maintaining a 6.8 per cent margin, while net income jumped 33 per cent to $119 million, or 4.9 per cent of GMV. Adjusted net income, excluding non-recurring items, grew 25 per cent to $116 million, representing a margin of 4.8 per cent despite higher corporate income tax rates in the GCC. Strong cash generation saw adjusted free cash flow rise by 47 per cent to $190 million, equivalent to 7.8 per cent of GMV. Performance was driven by top-line growth across GCC markets — including the UAE, Kuwait, Qatar, Bahrain and Oman — as well as non-GCC markets such as Egypt, Jordan and Iraq. Both the Food and Grocery & Retail verticals delivered strong results, supported by accelerated customer acquisition, increased order frequency, and a surge in adoption of the Talabat pro premium subscription programme. The UAE, Talabat's largest market, maintained growth in line with the overall group, while Kuwait, its most established market, delivered over 20 per cent growth for both the quarter and the first half. The company also reported a favourable shift in its GMV geographical mix, with non-GCC markets rising to 17 per cent of total GMV from 14 per cent a year earlier. The GMV-to-revenue conversion ratio improved to 40 per cent from 39 per cent, driven by a higher share of tMart and subscription revenues. Although gross profit margins were impacted by a product mix shift, these were offset by improved cost efficiencies. In light of the strong momentum, Talabat has revised its 2025 guidance upward. It now expects GMV growth of 27–29 per cent on a constant currency basis, compared with the earlier forecast of 17–18 per cent, and revenue growth of 29–32 per cent versus the previous 18–20 per cent. Adjusted Ebitda margin is projected at 6.5 per cent, net income margin at 5.0 per cent, and adjusted free cash flow at 6.0 per cent. Chief Executive Officer Tomaso Rodriguez said the results reflect Talabat's success in expanding its groceries and retail verticals, strengthening customer loyalty, and sustaining strong growth in both core GCC and newer non-GCC markets. He added that the company's outlook for the remainder of 2025 remains strong across all operating metrics.

OSN, The Trade Desk launch MENA streaming ad partnership
OSN, The Trade Desk launch MENA streaming ad partnership

Gulf Business

time3 hours ago

  • Gulf Business

OSN, The Trade Desk launch MENA streaming ad partnership

Image: OSN website/ For illustrative purposes only MENA entertainment provider OSN has partnered with US-based advertising technology firm The Trade Desk to open the broadcaster's programmatic video inventory to advertisers, the companies said. The deal makes The Trade Desk the first demand-side platform (DSP) to give brands direct access to OSNtv's connected television and addressable video-on-demand inventory, covering Arabic and international content including HBO, Warner Bros. Discovery titles and OSN original productions. 'At OSN, we're committed to innovation that enhances the advertising experience while maintaining the highest standards for our viewers,' Hamid Davari, OSN's director of advertising, said in a statement. 'Partnering with The Trade Desk on our Advanced TV products allows us to open our premium inventory to brands in a way that is transparent, data-rich, and performance-focused,' he added. OSN, The Trade Desk aim to empower advertisers to make smarter, more data-driven decisions Terry Kane, The Dubai-based broadcaster, which operates in 22 countries, was the first in the region to introduce an on-demand video service and holds exclusive rights to HBO programming in MENA. It said the partnership combines its content library and direct-to-home viewer base with The Trade Desk's buying tools to expand access to the region's premium streaming audience.

EMSTEEL earns ResponsibleSteel certification
EMSTEEL earns ResponsibleSteel certification

Gulf Today

time4 hours ago

  • Gulf Today

EMSTEEL earns ResponsibleSteel certification

EMSTEEL, one of the largest publicly traded steel and building materials manufacturers in the region, announced today its steel business unit (Emirates Steel Industries, part of EMSTEEL Group) has officially become the first company in the Middle East and North Africa (Mena) region to receive ResponsibleSteel Core Site certification. The ResponsibleSteel certification was awarded following an extensive audit conducted by CARES, an internationally recognised certification body. The assessment rigorously evaluated Emirates Steel Industries part of EMSTEEL Group's performance, against a comprehensive set of environmental, social, and governance (ESG) criteria, reflecting the highest standards of ethical business conduct and environmental responsibility. This certification follows another major recognition, as EMSTEEL was recently named a 2025 Steel Sustainability Champion by the World Steel Association (worldsteel), becoming the only company in the Mena region to earn this prestigious distinction for the second consecutive year. Together, these accolades reflect EMSTEEL's consistent leadership and concrete action in advancing sustainable steel practices. Engineer Saeed Ghumran Al Remeithi, Group Chief Executive Officer of EMSTEEL, said, 'Achieving the ResponsibleSteel certification is a proud milestone for us and is a testament to our relentless commitment to sustainability, innovation and responsible growth.' 'As the first company in the Mena region to meet this global benchmark, we're proud to continue driving national advanced manufacturing goals, while setting industry benchmarks for decarbonising the steel value chain.' Annie Heaton, Chief Executive Officer of ResponsibleSteel, said, 'The certification of EMSTEEL marks the arrival of ResponsibleSteel certification in the Mena region and sets an important benchmark for the region's steel industry. WAM

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store