The Financial Regulatory Authority reported that Dahab's IPO closed in July 2024 with over EGP 30 million in subscriptions — triple the EGP 10 million target.
The oversubscription made Dahab one of the strongest fund launches of the year and validated appetite for regulated gold investment products, only the third licensed gold fund in Egypt.
Coverage of Egypt's growing gold-fund segment highlighted Dahab — launched June 2024 by AFIM with Evolve — noted for its daily cumulative return.
Read moreContact Financial's life-insurance arm announced a strategic partnership including exclusive purchases of Dahab gold-fund certificates for unit-linked savings policies.
Read moreThe National Bank of Egypt and Misr Life Insurance launched the Al Ahly Hayah fund managed by AFIM, supporting financial inclusion via NBE branches nationwide.
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