EFG Holding has launched an employee pension scheme in collaboration with Kaf Insurance and EFG Hermes Asset Management, reinforcing its commitment to employees’ long-term financial security and retirement planning.
Under the arrangement, Kaf Insurance, a joint venture between EFG Finance, an EFG Holding subsidiary, and GB Capital, will oversee the scheme’s establishment and administration, providing its operational framework, administrative capabilities, insurance expertise, and digital infrastructure.
Meanwhile, EFG Hermes Asset Management has been appointed as the scheme’s investment manager, responsible for managing employees’ retirement savings in line with the scheme’s long-term objectives.
Kaf Insurance Targets EGP 2 Billion in Assets Under Management
The appointment reflects EFG Holding’s confidence in Kaf Insurance’s pension capabilities and its growing presence in Egypt’s pension market.
Kaf Insurance has surpassed EGP 1.6 billion in assets under management and recorded EGP 600 million in pension revenues year-to-date in 2026. The company is targeting EGP 2 billion in assets under management by the end of the year.
The scheme brings together EFG Holding as the sponsor, Kaf Insurance as the provider responsible for its establishment and administration, and EFG Hermes Asset Management as the investment manager, leveraging the group’s integrated capabilities to provide employees with a structured retirement savings solution.
Inji Abdoun, Group Chief Human Resources Officer of EFG Holding, said that employees have always been at the heart of the group’s long-term success, emphasizing that supporting their financial well-being is an essential part of its commitment to them.
She added that the new scheme reflects the group’s belief that employee benefits should extend beyond their working years, providing greater financial security and supporting employees throughout their careers and beyond.
EFG Hermes Asset Management to Manage Retirement Investments
Youssef Shokeir, Deputy CEO of Kaf Insurance, said that EFG Holding’s decision to appoint the company to establish and administer the scheme reflects confidence in its capabilities and commitment to providing comprehensive pension solutions.
He noted that the company continues to strengthen its operational capabilities and digital services to meet the needs of employers and employees, highlighting the role of well-structured pension schemes in supporting long-term financial well-being.
For his part, Karim Zaafan, Managing Director at EFG Hermes Asset Management, said that managing retirement savings requires a long-term investment perspective, disciplined investment management, and a clear understanding of the responsibility involved in safeguarding employees’ financial futures.
He added that the company will leverage its investment management expertise to manage the scheme in line with its objectives and support a sustainable approach to retirement planning.
