Arab African Investment Holding Opens Subscriptions for Two New ”Kanz” Equity Funds Tracking EGX Indexes
Arab African Investment Holding (AAIH), a subsidiary of Arab African International Bank (AAIB), has announced that subscriptions will open tomorrow, Sunday, June 14, 2026, for two new tranches of its multi-issuance cumulative equity fund, "Kanz." The new offerings include the third issuance, Kanz EGX70 EWI, and the fourth issuance, Kanz EGX35 LV.
Hussein El-Sherbini, Vice Chairman and Managing Director of AAIH, stated that the "Kanz" multi-issuance fund was established to meet the growing demand for retail and institutional investments in the Egyptian Exchange (EGX) via structured equity funds, aligning with the company's strategy to diversify its investment product portfolio. AAIH previously introduced the fund's first two tranches—"Kanz Foras" and "Kanz Sharia"—in June 2025. The addition of the third and fourth issuances provides investors with enhanced tools for asset diversification and risk management within listed Egyptian equities.
This rollout follows a series of strategic fund launches by AAIH, which debuted the "Diamond" money market fund in 2022, the initial "Kanz" tranches in 2025, and the US Dollar-denominated cumulative fixed-income fund, "Bonds," in the first quarter of 2026. Furthermore, the firm intends to launch Egypt's first-of-its-kind combined Gold and Silver investment fund later in 2026, pending final regulatory approvals.
Mohamed Mostafa, Managing Director of Arab African Investment Management (AAIM), highlighted that these new issuances enrich the local mutual fund industry, which has seen substantial growth driven by rising investor awareness. Mostafa explained that the Kanz EGX70 EWI issuance aims to track the EGX70 Equal Weight Index with a correlation coefficient of at least $80\%$, accounting for tracking error. Meanwhile, the Kanz EGX35 LV issuance aims to track the EGX35 Low Volatility Index with a correlation coefficient of at least $80\%$. The EGX35 LV index comprises 35 of the most liquid listed companies exhibiting low price volatility, catering directly to risk-averse investors. The fund supports daily subscriptions and redemptions, emphasizing that long-term cumulative investing in mutual funds remains an optimal investment choice.
Subscriptions will be processed through a wide network of receiving entities, including AAIB, Arab African International Securities, Thndr Securities Brokerage, Thndr's Tylda, Al Ahly Pharos, Mubasher, Arabia Online, HC Securities, AF Securities, Mega Investments, and Three Way Securities.
AAIM has successfully managed three new funds in 2026: the "Gosoour" equity fund, the USD "Bonds" fixed-income fund, and an additional money market fund. This aligns with the firm's mandate to boost growth and diversify product offerings, following a milestone year where AAIM's total Assets Under Management (AUM) reached approximately EGP 88 billion at the end of December 2025.