Tharwa Hayah partners with AFIM and Evolve on the Dahab fund
Contact Financial's life-insurance arm, Tharwa Hayah, announced a strategic partnership with AFIM and Evolve that includes exclusive purchases of Dahab gold-fund certificates for its unit-linked savings policies.
The agreement channels long-term insurance savings into Egypt's growing gold-fund segment, deepening the distribution of Dahab beyond brokerage platforms and giving policyholders exposure to gold as a store of value within regulated savings products.
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.
