The two funds will be managed by EFG Hermes and distributed through Emirates NBD Egypt. The firms have worked together since 2018, but the subscription date and fund terms remain undisclosed.
On 13 October 2026, Emirates NBD Egypt said two equity funds managed by EFG Hermes are set to join the bank's investment options under a new distribution agreement. One fund follows a conventional strategy; the other is Sharia-compliant. The announcement gives no subscription date or fund names, and it does not establish that customers can invest yet.
The deal builds on a relationship that began in 2018. That year, the bank launched its first mutual fund and appointed EFG Hermes' asset-management division to manage it. Citywire Middle East also described the new agreement as an expansion of the existing relationship.
Access through the bank
The roles are clear: EFG Hermes will manage the funds, while Emirates NBD Egypt will distribute them through its customer network. Fund management stays with EFG Hermes. The bank's role is to make the products available to its clients. EFG Hermes said the arrangement aims to extend access to its investment expertise and offer customers a choice of strategies.
These are equity funds, so their value can rise or fall with the shares they hold. Neither offers a guaranteed return. One is described as Sharia-compliant, giving customers a choice between conventional and Islamic investment approaches. The available announcements do not identify either fund's holdings. They also disclose no fees, minimum subscription or performance history. No risk classification is provided, leaving customers without key details for comparing the products.
Egypt's economic conditions matter to anyone assessing exposure to local equities. Exchange-rate changes can affect the value of Egyptian investments when measured in another currency. Inflation can alter company costs, while domestic interest rates can affect financing conditions and equity valuations. The Central Bank of Egypt's official policy information tracks monetary-policy developments. The fund announcement gives no exchange-rate figures. It also provides no inflation or interest-rate figures, and discloses no fund-specific sensitivity to those factors.
The bank's wider expansion has included a reported rise in its African banking ranking, covered in this earlier report. This agreement concerns wealth-management distribution through products managed by a specialist partner.
A partnership with a track record
The history outlined in the announcement is brief: the partnership dates to 2018, and the new agreement covers two equity funds. Their earlier collaboration began with the bank's first mutual fund, managed by EFG Hermes' asset-management arm. The latest agreement extends that relationship to more bank customers. It announces no change in who manages the funds.
Mustafa Ramzi, head of retail banking and wealth management at Emirates NBD Egypt, described the deal as part of the bank's effort to build a broader wealth-management platform. He cited Sharia-compliant products and tailored investment support. Nabil Mousa, head of asset management in Egypt at EFG Hermes, said the expanded distribution could bring the firm's investment expertise to more customers. He also pointed to scope for further joint products. Those are the executives' stated aims; the announcement confirms no additional launches.
For customers, the immediate change is a wider menu distributed through the bank, not a promise of returns. The announcement does not say what each fund will cost. Egypt's Financial Regulatory Authority is the country's non-bank financial regulator. The cited announcements report no subsequent regulatory decision and give no confirmed subscription-opening date. Customers will need to review each fund's strategy and charges, along with its risks and applicable disclosures.
What the deal changes
The agreement connects the bank's customer reach with EFG Hermes' fund-management capability. The announcements leave the funds' individual features undisclosed. They give no performance figures, assets under management or sales results.
