- Governor of the CBE, FRA Chairman and Chairman of the Martyrs and Victims Honoring Fund witnessed signing of a strategic partnership with Misr Life Insurance. This initiative provides specialized care and support for the families of Martyrs and the injured.
Under the directives of President Abdel Fattah El-Sisi, “Egypt is With You” initiative has been launched to provide essential care for minor children of martyrs, victims and those injured in military, terrorist and security operations – spanning the Armed Forces, Police and civilians. This initiative underscores the State’s unwavering commitment to support these families in recognition of their profound sacrifices for the nation.
Mr. Hassan Abdalla, Governor of the Central Bank of Egypt (CBE), Major General El Sayed El Ghaly, Chairman of the Martyrs and Victims Honoring Fund and Dr. Mohamed Farid, FRA Chairman witnessed the signing ceremony of a strategic partnership between the Fund and Misr Life Insurance. The ceremony commenced with a minute of silence to honor the souls of Egypt’s martyrs who sacrificed their lives to safeguard the nation’s security, stability and glorious heritage.
Major General Ahmed Al-Ashaal, Executive Director of the Fund and Mr. Moustafa El Kamash, Executive Managing Director of Misr Life Insurance signed the contract. Senior leadership attended the event from the CBE, FRA, the Martyrs Fund and Misr Life Insurance.
Hassan Abdalla, Governor of the Central Bank of Egypt stated that the initiative fulfills presidential directives to provide comprehensive support to the families of martyrs and the injured, particularly minors. He emphasized that these efforts honor the sacrifices made to ensure the Egyptian people live in peace, security and prosperity.
He added that the CBE and the entire banking sector will spare no effort in bolstering the Fund’s resources to fulfill its noble mission.
Major General El Sayed El Ghaly reaffirmed the unwavering commitment of the political leadership to provide comprehensive care for the families of the nation’s heroes. He expressed his profound appreciation for the Central Bank of Egypt (CBE), FRA and Misr Life Insurance, while also commending the participating banks – specifically the National Bank of Egypt (NBE) and Banque Misr—for their pivotal roles in this initiative.
He further clarified that the initiative’s implementation will commence on January 1, 2026. Payments will be made directly to the beneficiaries upon reaching the age of 21, on a semi-annual basis: those turning 21 by June 30th will receive their disbursement in the first week of July, while those turning 21 by December 31st will receive it in the first week of January. Additionally, the Fund will include any new eligible cases in the initiative immediately upon their enrollment, ensuring they receive the same benefits.
Dr. Mohamed Farid, FRA Chairman, announced that the Authority has waived all commissions and administrative fees for the initiative. He noted that FRA’s role extends beyond regulation to ensure the initiative is managed with the highest standards of efficiency and governance. This oversight aims to maximize returns for minors, safeguarding their financial future and providing the security they deserve.
Mr. Moustafa El Kamash, Executive Managing Director of Misr Life Insurance, expressed his pride in participating in the initiative. He described it as a humble tribute to the children of martyrs, reflecting the company’s deep appreciation for their monumental sacrifices.
Last modified: December 21, 2025