$90 billion in assets under management from “Azimut International” by the end of August

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Azimut International manages assets in the Middle East exceeding $3.6 billion

 

Giorgio Meda, CEO of Azimut International, revealed that his company was able to achieve profits during the first half of this year, amounting to about 226 million euros, pointing out that the company was able to attract new capital during the period, amounting to more than 12.9 billion dollars.

During a press interview, which is being held by the company, Meda added that the company has 250 investment units worldwide that work as a manager of portfolios and funds in the group.

He pointed out that the volume of his companies’ funds in the Middle East exceeded $3.6 billion.

In a related context, he said that the company manages the largest global sukuk fund, which was established in 2013, explaining that this fund achieves annual returns for its investors of 4.5% annually.

He explained that the company launched the Luxembourg Equity Fund during the current year, which currently has a volume of 17 million dollars, pointing out that the company’s target is to reach its size of 100 million dollars by the end of 2023.

He stressed that the company seeks to provide an integrated asset management model, stressing that the group seeks to attract foreign capital to Egypt through its work in all countries.

Jorgeira Meda, CEO of Azimut International Group, revealed that the company was managing investments around the world worth $90 billion at the end of last August, explaining that customers had exceeded 220,000 clients.

He pointed out that the company, since its inception, has focused on investing in the Italian and European markets in general, and during the last 10 years has tended to expand around the world, pointing out that the company is listed on the London Stock Exchange with a capital of 3.5 billion dollars.

The CEO of Azimut Group stressed the keenness of his groups to invest in the development of the asset management industry in Egypt.

He explained that the company launched the Luxembourg Equity Fund, which also invests in Egypt during the current year, which currently has a volume of 17 million dollars, pointing out that the company’s target is to reach 100 million dollars by the end of 2023.

He stressed that the company seeks to provide an integrated asset management model, stressing that the group seeks to attract foreign capital to Egypt through its work in all countries.

 

The article $90 billion in assets under management of “Azimut International” by the end of August was written in the Borsa newspaper.