• FRA approves Granite Financial Holding to launch a USD Fixed Income Fund, expanding innovative cash management solutions in Egypt.
• The fund invests in dollar-denominated instruments, offering daily subscriptions, weekly redemptions, and stable returns for individuals and corporations.
• Founded in 2023 by Hisham Akram, Hussein El Sheikh, and Mahmoud Morsy, Granite focuses on transforming Egypt’s CashTech sector.

Granite

Granite Financial Holding, received approval from the Financial Regulatory Authority (FRA) to launch a new USD denominated Fixed Income Fund. The fund is being launched in partnership between Al Naeem Holding for Investments and Granite Financial Holding. 

“At Granite, we are working diligently with our partners at Al Naeem to promote the culture of using cash funds in Egypt as an effective tool for liquidity management and obtaining the highest returns through our smart financial solutions, which contributes to raising financial awareness and expanding the base of investors who benefit from the advantages of these tools within the Egyptian market,” said Hisham Akram, Founder and CEO of Granite Financial Investments Holding,

Granite will assume the role of the investment manager for the fund, aiming to ensure professional management of dollar-denominated instruments.

USD Fixed Income Fund

The fund invests exclusively in savings instruments and dollar-denominated tools, enabling clients to benefit from stable returns in hard currency.  The account provides clients with the advantage of daily subscriptions and weekly redemptions without restrictions or penalties. This enhances the efficiency of cash management for companies. It also supports making more efficient financial decisions instead of maintaining liquidity in low-yield vehicles.

Established in 2023 by Hisham Akram, Hussein El Sheikh, and Mahmoud Morsy, Granite Financial Holding is a digitally-enabled asset management company. The company delivers innovative financial solutions fully supervised by the Financial Regulatory Authority (FRA), aiming to transform the CashTech sector. 

It aims to transform cash management by mobilizing idle cash for individuals and corporations. Thus, it offers products that generate daily returns on liquid cash.