BANK OF ALEXANDRIA'S FIRST MUTUAL FUND WITH PERIODICAL RETURN AND CAPITAL GROWTH
The maximum amount invested in the Fund is EGP300m divided into 3 million certificates with a nominal value of EGP100 for each.
The Fund's Certificate:
Can be purchased by Egyptians and foreigners (either natural or legal persons) with no maximum limit.
Can be redeemed on the first working day every week at any of the Bank's branches. The redemption value is determined, according to the certificate's share in the net value of the Fund's assets, at the close of the last working day of the week before redemption.
Offers a periodical return every six months according to the profits realized.
Can serve as security for loans.
Ensures safe investment, as the Fund is managed by an international specialized company.
The interest rate reached 57.1% from 1/1/2007 to 31/12/2007. Moreover, total dividends since the Fund's launch amounted to EGP226 for each certificate (out of which dividends of EGP 105 concern 2007).
Bank of Alexandria's Cash Mutual Fund with Accumulative Daily Return
·The nominal value per certificate is EGP10.
·Certificates can be purchased by Egyptians and foreigners (either natural or legal persons).
·Purchase and redemption are made without minimum or maximum limit according to
the declared daily price and without any charges or commissions.
·Certificates can serve as security for loans.
·Offers the maximum return compared to the similar savings schemes in the money market.
·Offers the maximum security as it invests in guaranteed savings schemes (Treasury bills, deposit certificates,savings certificates...etc) without being affected by the price fluctuations of the financial securities traded in the stock market.
·The annual interest rate of the Fund, since its establishment in May 2006, is 8.87%. The Fund's distinguished performance resulted in the increase of its investments from EGP 200m at the start of its activity to EGP 1. 4 bn currently.
