الهيئة العامة للرقابة المالية

Dr. Mohamed Farid , FRA Chairman:

• Expanding insurance coverage across various economic sectors enhances risk management and accelerates the pace of insurance inclusion.
• Strategic partnerships among national entities directly strengthen Egypt’s investment infrastructure.

Abdel Rahman El-Gohary, Vice President and Managing Director of STM Investment:

• STM Investment is committed to achieve a qualitative leap in real estate development and provide a unique experience for customers and investors in other fields.

Counselor Dr. Marian Kaldas, Executive Director of the Egyptian Centre for Arbitration and. Settlement of Non-Banking Financial Disputes (ECAS):

• The agreement to adopt arbitration as a means of dispute resolution represents a qualitative shift that reflects the institutional awareness of both parties.

Mohamed Mahran, CEO and Managing Director of Misr Insurance Holding Company:

• The partnership is in line with Misr Insurance’s plans to support the national economy and implement Egypt’s vision 2030

In a strategic move to strengthen national partnerships, Dr. Mohamed Farid, FRA Chairman witnessed the signing of a cooperation protocol between Misr Insurance and STM Investment. Misr Insurance is a subsidiary of the Sovereign Fund of Egypt for Investment and Development, while STM Investment specializes in real estate and project management.

The protocol is designed to provide comprehensive insurance coverage for STM’s investment projects, ensuring their stability and protecting them against potential risks to help achieve sustainable development. The agreement also designates the Egyptian Centre for Arbitration and Settlement of Non-Banking Financial Disputes (ECAS) for any potential disputes.

Mohamed Mahran, CEO of Misr Insurance and Sherif Nabil, CFO of STM Investment signed the protocol. The signing took place in the presence of Dr. Mohamed Farid, FRA Chairman and other senior leaders from the Authority.

Dr. Mohamed Farid, FRA Chairman highlighted the importance of expanding insurance coverage through similar initiatives, which he believes will improve risk management and speed up insurance penetration. Dr. Farid noted that this protocol should serve as a model for strategic partnerships between major national entities to strengthen Egypt’s investment infrastructure.

He also emphasized FRA’s full support for initiatives that protect citizens and companies from potential risks, thereby enhancing their stability and reducing financial burdens. Dr. Farid explained that these efforts will build market trust, attract more investment and ensure sustainable economic growth under a strong regulatory framework.

On the other hand, Mr. Abdel Rahman El-Gohary, Vice President and Managing Director of STM Investment provided an overview of his company’s diverse real estate portfolio which includes residential, commercial and hospitality projects. He added that STM Investment recently began selling ready-to-deliver units in several projects across New Cairo, “Kayan City” (west of the New Administrative Capital) and Nasr City.

Counselor Dr. Marian Kaldas, Executive Director of the Egyptian Centre for Arbitration and. Settlement of Non-Banking Financial Disputes (ECAS) praised the agreement to use arbitration for dispute resolution. She described the move as a qualitative leap that shows the institutional awareness and strong belief in alternative dispute resolution methods, particularly within the insurance sector.

She noted that the agreement to use arbitration reflects a deep trust in the Center’s efficiency and impartiality, creating a more secure investment climate. This move not only enhances the Egyptian market’s appeal but also establishes arbitration as a fundamental component of institutional leadership and a guarantee for sustainable non-banking financial activities. She described this as a significant milestone for the Center and a crucial step in advancing Egypt’s business environment

Moreover, Mohamed Mahran, CEO of Misr Insurance, expressed his enthusiasm for the partnership. He stated that the collaboration aligns with Misr Insurance’s strategy to support the national economy, achieve Egypt’s 2030 Vision and deliver innovative insurance solutions for national and development projects.

Mahran added that working with major national entities like STM Investment creates an opportunity to generate added value for the economy by opening up new avenues in real estate, commercial and service investments. This partnership is expected to produce sustainable economic and social returns, boost brand value and ensure mutual benefit.

He concluded by saying that the protocol is a significant step toward expanding joint cooperation between the investment and insurance sectors, providing comprehensive protection and stability for STM’s various projects.