Egypt’s President Abdel
Fattah El Sisi ordered allocating LE 100 million (about $6.3 million) from the
donation-based “Tahya Misr” Fund for a fund that takes care of people with
special needs.
This came in a meeting with Prime Minister Mustafa Madbouli and Nevin Al-Qabbaj, the minister of social solidarity, on Monday.
The “Ataa” Fund for people with special needs was established by the 50-year old Nasser Social Bank in November last year, during the term of former Social Solidarity Minister Ghada Wally.
“Ataa” is the first charitable fund in Egypt that works in accordance with the Money Market Law. It accepts donations from all individuals and companies and invests in treasury bills, shares, and securitization, the return on the investment goes for the support of organizations, bodies and assemblies that serve people with special needs on medical or social levels.
The money is also directed to providing support to universities, schools and other educational institutions licensed to carry out scientific research that serves people with disabilities in all fields.
Source: Egypt Today
