Al Tameer Fund - Housing and Development Bank

Al Tameer Fund is an open-ended equity investment fund launched by Housing & Development Bank in 2008. The fund aims to achieve capital growth over the medium and long term through investing in a diversified portfolio of shares listed on the Egyptian Exchange, in addition to the ability to invest in other investment funds and cash instruments in accordance with the limits and regulations set out in the fund prospectus.

Al Tameer Fund is distinguished by its cumulative return structure with periodic distributions, allowing investors to benefit from the growth in the unit value while also having the opportunity to receive periodic distributions in line with the approved distribution policy.

The fund follows a diversification strategy aimed at reducing concentration risk. It may not invest more than 15% of its net assets in the shares of a single company, and its holdings may not exceed 20% of that company’s total outstanding securities. The investment policy allows the fund to allocate between 40% and 95% of its assets to shares listed on the Egyptian Exchange, with the ability to invest up to 30% of its assets in other investment funds. In addition, the fund maintains a minimum liquidity ratio of 5% to meet redemption requests and provide flexibility in portfolio management.

Subscriptions and redemptions are processed on a weekly basis through Housing & Development Bank branches, with requests accepted until 2:00 PM on the designated business days.

The fund is suitable for investors seeking exposure to the Egyptian equity market through professional portfolio management and who are able to tolerate short-term market volatility in pursuit of higher capital growth over the long term.

Description as published on the distribution platform.