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EFSA: Market value of investment funds reaches EGP 63 bln

EFSA: Market value of investment funds reaches EGP 63 bln
Dr. Sayed Abel Fadil, Head of the Central Department for Financing at the Egyptian Financial Supervisory Authority (EFSA), said the market value of investment funds operating in the market reached EGP 63 billion this year.
Abel Fadil told Al-Wafd newspaper that the legislative regulations of these investment funds were developed this year, through the issuance of executive regulations and several decisions by EFSA board. Thus, the funds became more attractive and transparent.