Press release

In a step that reflects the Investor Protection Fund’s approach toward maximizing the efficiency of managing its resources and growing its assets, the Fund announced the allocation of part of its funds to investment channels aimed at supporting its role in protecting clients of member firms from non-commercial risks, in addition to contributing to enhancing liquidity within the Egyptian Exchange and strengthening technical support for member firms.

The Fund’s Board of Directors, chaired by Mahmoud Montasser, approved the injection of EGP 500 million for investment in securities portfolios, within the framework of the Prime Minister’s decision regulating the Fund’s activities and following the approval of the Financial Regulatory Authority. The management and establishment of the investment portfolios were assigned equally to CI Asset Management and Arab African Investment Management, bringing the Fund’s total investments through securities portfolios to EGP 1.5 billion in listed equities traded on the main market.

The signing ceremony was attended by Mr. Omar Redwan, Chairman of the Egyptian Exchange, and Mr. Mohamed Sabry, Vice Chairman of the Egyptian Exchange and member of the Fund’s Board of Directors, in light of the strong and distinguished relationship between the Exchange and the Fund.

The agreements were signed by Mr. Mahmoud Montasser, Chairman of the Fund’s Board of Directors; Dr. Amr Abou El Enein, in his capacity as Managing Director and Chief Executive Officer of CI Asset Management; and Mr. Mohamed Mostafa, in his capacity as Managing Director of Arab African Investment Management.

Montasser stated that this step represents a new boost to the Fund’s efforts to maximize returns on its resources, which will be directly reflected in stimulating trading activity, enhancing liquidity, and supporting the efficiency and depth of the securities market.

For her part, Ms. Noha El Matbouly, Deputy Executive Director of the Fund, affirmed that the signing of these agreements represents an important step within the Fund’s strategy, enhancing its ability to perform its duties toward investors more efficiently and ensuring the sustainability of its role in the market.