Egypt's Post For Investment Company (PFI), affiliated with Egypt Post, plans to launch PFI for asset management in Egypt with investments of 7.5 billion Egyptian pounds ($157.6 million). The objective is to manage assets worth $105 million within a year, with preliminary licensing approvals obtained and final approvals expected in the second quarter of 2024. Future endeavors include investment product launches and the establishment of investment funds.
Egypt Post aims to increase net profits by 30 percent in 2024, reaching $105 million, having augmented financial market investments by 20 percent in 2023, amounting to $126 million.