Ciaf holding

CIAF Holding is an investment company for the civil aviation sector in Egypt. The site says it was set up in October 2008 as a joint stock company under Egypt's capital market law. The contact page lists its location in the Ministry of Civil Aviation building in Cairo.

The site says CIAF is the investment arm of the Egyptian civil aviation sector. Its mission is to advise and support its sister and subsidiary companies. It also looks for investment opportunities that help bring together the parts of the civil aviation sector. The company is licensed to run investment funds, short term low risk investments and new partnerships.

The site gives the company's capital figures. Its authorized capital is EGP 2.5 billion, and its paid-in capital is EGP 500 million. The site says the company looks at short term, low risk investments in treasury bills, treasury bonds and corporate bonds with high creditworthiness.

The site lists several investee businesses. CIAF Leasing is a joint venture set up on 16 June 2009, with authorized capital of USD 500 million and paid-in capital of USD 65 million. Smart Aviation was set up in 2007 to be the first corporate jet operator in the country. ISKAN Insurance was set up in December 2008, with authorized capital of EGP 500 million.

The board includes Mohamed Heiba, chairman and chief executive. Other board members come from the Support and Development Civil Aviation Fund, EgyptAir Holding Company and the Egyptian Holding Company for Airports and Air Navigation. The site says the company helps with financial restructuring of its investee companies, with the aim of turning losses into profits.

The site lists a landline number, +0222688360, and a contact form. It also links to LinkedIn and Facebook pages.