ADCB Egypt Partners with EFG Hermes to Launch Its First Money Market Fund with a Daily Cumulative Return

Abu Dhabi Commercial Bank – Egypt (ADCB Egypt), a subsidiary of ADCB Group, one of the UAE’s leading banks, announced today that it has entered into a strategic partnership with EFG Hermes, an EFG Holding company, and the leading investment bank in the Middle East and North Africa (MENA), to launch the bank’s first mutual fund in the Egyptian market.

Under this partnership, ADCB Egypt has appointed EFG Hermes Asset Management to manage its inaugural product, a money market fund designed to offer the bank’s clients a low-risk, highly liquid investment solution. The fund “Zayed Kol Youm” allows for daily subscriptions and redemptions, providing clients with efficient cash management and competitive short-term returns.

The launch represents a key milestone for ADCB Egypt as it expands its product offerings, while also marking the beginning of a broader collaboration between the two institutions.

The ADCB Money Market Fund is tailored to meet the evolving needs of the bank’s clients, offering a convenient, flexible investment vehicle aligned with their financial aspirations. ADCB Egypt is also working towards making the fund accessible through its digital banking platforms, including its website and mobile application, further enhancing client accessibility and convenience.

“We are pleased to partner with ADCB Egypt on the launch of their first mutual fund in the local market,” said Nabil Moussa, Head of Asset Management Egypt, EFG Hermes. “This collaboration reflects our continued commitment to delivering institutional-grade investment solutions to a broader client base. By combining our asset management expertise with ADCB Egypt’s strong client franchise, we aim to provide a reliable and efficient product that supports clients’ liquidity needs while laying the groundwork for future product development”.

From her side, Rania Hassan, Chief Treasury & Investment Officer, ADCB Egypt, said: “The launch of our first mutual fund in Egypt “Zayed Kol Youm” marks an important step in our strategy to diversify our offerings and deliver greater value to our clients. Partnering with EFG Hermes allows us to leverage their proven track record and expertise in managing high-quality investment products. We see this as the beginning of a long-term collaboration, with further opportunities to introduce new investment solutions that cater to our clients’ evolving   needs”.

This partnership underscores both institutions’ shared focus on enhancing client experience and expanding access to professionally managed investment solutions in Egypt. Building on this initial launch, ADCB Egypt and EFG Hermes intend to explore additional opportunities to introduce new funds across different asset classes in the future.