Funds Administration

As an independent third party fund administrator, our professional team provides fund managers, banks, pension funds and investment portfolios with flexible solutions to Fund administration complying with EAS (Egyptian Accounting Standards) or IFRS (International Financial Reporting Standards).

Prime Wathaeq services can be summarized as follow:

    • Calculation of the net asset value (“NAV”) including the calculation of the fund’s income and expense accruals and the pricing of securities at current market value.
    • Preparation of periodical reports to shareholders as well as other EFSA reports
    • Maintenance and filing of the fund’s financial books and records as the fund accountant.
    • Calculation of the total returns and other performance measures of the fund.
    • Monitoring investment compliance with the capital market law, EFSA Legislation and fund’s prospectus.

Our services are designed to mitigate risks, optimizes efficiency and reporting system. In addition, our systems and procedures offer strong transparency, accountability to our clients.