Emirates NBD Egypt has signed a new distribution agreement with EFG Hermes, the investment bank of EFG Holding and a leader in the Middle East and North Africa, to offer the bank's clients two equity funds managed by EFG Hermes. The agreement strengthens and broadens the bank's wealth management options, giving clients a more diverse range of investment alternatives, both conventional and Shariah-compliant.

The agreement builds on a partnership dating back to 2018, when Emirates NBD Egypt launched its first mutual fund and appointed EFG Hermes' asset management arm as fund manager. This latest step brings EFG Hermes' investment expertise to a wider base of the bank's clients, giving them more opportunities to diversify their portfolios in line with their investment goals and risk preferences.

Commenting on the agreement, Mustafa Ramzi, Head of Retail Banking and Wealth Management at Emirates NBD Egypt, said: "This step is a natural extension of our partnership with EFG Hermes, which has been in place since 2018, and reflects our continued commitment to developing the wealth management and investment ecosystem at Emirates NBD Egypt. We are focused on building an integrated platform that gives our clients access to a broader range of investment solutions, including Shariah-compliant products, while continuing to provide advice and solutions tailored to their investment needs and goals."

Nabil Moussa, Head of Asset Management in Egypt at EFG Hermes, added: "Broadening access to professional fund management is a cornerstone of our partnership with Emirates NBD Egypt. By making two of our equity funds available through the bank's network, we are enabling more clients to benefit from our investment expertise and choose strategies that support their financial goals. Building on the strong relationship we have developed since 2018, we see promising prospects for launching more joint investment products and responding to our clients' evolving aspirations and requirements."

The agreement combines the wide reach of Emirates NBD Egypt's client network with EFG Hermes' asset management capabilities, with the aim of making professional equity investing easier and more accessible in Egypt. It also supports the bank's overall strategy of offering an integrated suite of wealth management services that caters to clients' different investment priorities.