Mr. Talaat Ismail, Head of the Social Insurance Authority has assured to the Fund of the public and private sectors personnel that the invested insurance funds in the Stock Exchange safe.

He added...

Mr. Talaat Ismail, Head of the Social Insurance Authority has assured to the Fund of the public and private sectors personnel that the invested insurance funds in the Stock Exchange safe.   He added that what is being invested currently is the net profit during the past years and not the base capital.   He pointed out that the invested capital in the stock exchange reaches about 0.25% only with value of 350 million pounds.   He added that the identification of aspects of investing insurance funds due to the Minister of Finance and the economic ministerial group in addition to a Committee includes many experts from banks and the cabinet and the advisors to the Minister of Finance in all disciplines,   (Source: El-Akhbar)