Cairo - Mubasher: Egyptian Company for Investment Services signed a service agreement with NI Capital and the Egyptian National Post Organization (ENPO) to provide investment products.
The strategic partnership aims to make various investment financial products available to everyone, which will help reach the categories that are difficult for investment management companies to reach, through Egypt Post offices, which are available nationwide, according to a statement on Thursday.
The partnership will also improve the investment scene in the Egyptian market by making various investment financial tools available to all segments of society, thus helping achieve financial inclusion and support the capital market through various investment funds.
The Minister of Planning and Economic Development and Chairman of National Investment Bank (NIB), Hala El-Saeed, said that the company's services will include distributing investment financial products to all the investment management companies in the Egyptian market, that will contract with the company to distribute the documents of the funds they manage.
For his part, the Minister of Communications and Information Technology, Amr Talaat, stated that the partnership will help utilise the capabilities of Egypt Post and its branches to provide a safe investment pool based on scientific studies, where citizens' funds and savings are managed by a group of highly skilled specialists, thus supporting financial inclusion.
