Gold funds momentum: Dahab among Egypt's leading gold vehicles
Media coverage of Egypt's growing gold-fund segment highlighted Dahab — launched in June 2024 by AFIM with Evolve — noting its daily cumulative return and its position among the country's leading gold investment vehicles.
Gold funds have drawn strong retail demand as savers look for inflation hedges, and Dahab's availability across seven trading platforms has made it one of the most accessible routes to gold exposure in the market.
Contact Financial's life-insurance arm announced a strategic partnership including exclusive purchases of Dahab gold-fund certificates for unit-linked savings policies.
The Financial Regulatory Authority reported Dahab's IPO closed in July 2024 with over EGP 30 million in subscriptions — triple the EGP 10 million target.
The National Bank of Egypt and Misr Life Insurance launched the Al Ahly Hayah fund managed by AFIM, supporting financial inclusion via NBE branches nationwide.
