Thursday, July 18, 2024

Immigration Ministry launches savings and investment pots for expats

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The Ministry of Immigration and the Egyptian Stock Exchange has launched savings and investment pots in response to the request of Egyptian expatriates.

A statement from the ministry said that these vessels provide gains in the stock exchange.

The ministry offered shares in the Macro Group, confirming that the subscription is covered by a stabilization account fund that will guarantee the investors’ money.

The validity period of the public offering started from the trading session of Monday, January 24 and will end on February 7 the Ministry said.

The minimum number of requests for the public offering is 100 shares. Brokerage firms are obligated to deposit 25 percent of the value of each request.

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