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Granite Holding for Financial Investments announced that it has received approval from the Financial Regulatory Authority (FRA) to launch a new USD-denominated money market investment fund under the name “Granite USD Investment Fund.” The move reflects Granite’s commitment to providing innovative and diversified investment tools for investors within the CashTech sector while contributing to the growth of capital markets in cooperation with regulatory authorities.

The fund is being launched through a partnership between Al Naeem Holding for Investments and Granite Holding, with Granite serving as the fund’s investment manager. This structure ensures professional management of USD-denominated instruments and delivers added value to investors in line with the applicable regulatory frameworks.

The launch follows approximately one month after Granite received the FRA license to practice non-banking financial activities using financial technology. The company also introduced the “Granite Day-by-Day Account” application as a digital platform for liquidity management. The initiative responds to increasing market demand for secure investment tools offering higher returns compared to traditional options.

The USD Day-by-Day account offers among the highest cumulative daily returns under full regulatory supervision. The account relies on electronic Know Your Customer procedures (eKYC), allowing daily subscriptions while redemption operations are processed on the first day of each week.

The fund invests exclusively in USD-denominated savings vehicles and instruments, providing clients with the opportunity to benefit from stable returns in foreign currency. The account also offers daily subscription and instant liquidity within a weekly redemption cycle without restrictions or penalties, improving corporate cash management efficiency and supporting better financial decision-making compared with holding liquidity in low-yield instruments.

Commenting on the development, Hisham Akram, Founder and CEO of Granite Holding for Financial Investments, said:
“This approval from the FRA represents an important milestone for Granite, enabling us to expand our liquidity management solutions. We believe the future of liquidity management lies in combining a strong regulatory framework with advanced technological infrastructure. It also highlights the strength of Egypt’s regulatory environment, which supports financial sector growth and provides a safe investment climate.”

He added:
“At Granite, we are working closely with our partners at Al Naeem to promote the use of money market funds in Egypt as an effective liquidity management tool capable of delivering competitive returns through our smart financial solutions. This will contribute to increasing financial awareness and expanding the base of investors benefiting from such instruments in the Egyptian market.”

For his part, Youssef El Farr, Vice Chairman and Managing Director of Al Naeem Holding for Investments, said:
“The launch of the Granite USD money market fund represents a strategic step reflecting the strength of our partnership with Granite. It responds directly to investors seeking effective USD liquidity management tools within the Egyptian market. This collaboration offers a solution that combines security with competitive daily returns and strengthens our ability to introduce innovative dollar-denominated products to meet the growing demand for fixed-income instruments.”