• Fund Name:
Savings Fund for Employees of Al-Nahda Industries Company (S.A.E), Al-Nahda Cement Factory in Qena – Registered in the register of private insurance funds with the Financial Regulatory Authority under the provisions of the Unified Insurance Law under Decision No. (787) of 2017 under registration number (955).

• Fund Management Headquarters:
Corniche El Maadi – Osman Towers – Tower No. (1) Upper-Middle – First Floor, Apartment No. (11, 12), Cairo.

• Purpose of the Fund:
To provide savings benefits to fund members upon termination of service.

• Savings benefits are granted to fund members upon termination of service in the following cases:

In the event of termination due to:

  1. Reaching legal retirement age, death, permanent total disability, or permanent partial disability:

    • The fund grants the member a savings benefit equivalent to their final balance with the fund as of the service termination date, in addition to a supplementary amount calculated at the same date.

    • Additionally, a death grant of EGP 10,000 is paid, with the total cost of death grants deducted as mutual aid expenses before distributing returns.

  2. Transfer, dismissal, resignation, or early retirement:

    • The fund pays the member their final balance with the fund as of the date of service termination.

b) In case of membership termination due to dismissal or resignation from the fund:
100% of the member’s balance as of the membership termination date is paid.

• Fund Resources:

  1. Member contributions at a rate of 3% monthly of the subscription wage (basic salary).

  2. The company supports the fund at the rate of one pound per ton sold.

  3. Investment return of the fund’s assets.

  4. Any other resources approved by the Fund’s Board of Directors.

• Members of the Fund’s Board of Directors:

  1. Major General / Ayman Saad Mohamed Hassan – Chairman of the Board

  2. Eng. / Haggag Hassani Abu El Hassan – Fund Manager

  3. Mr. / Maher Erfan Erfan El Sheikh – Fund Treasurer

  4. Accountant / Ahmed Abdo Mohamed Mahmoud – Secretary of the Board

  5. Major General / Mostafa Khalaf Kamel Omar – Board Member

  6. Mr. / Hamdallah Hegazy Abdel Rahim Mohamed – Board Member

  7. Mr. / Abdallah Ibrahim Rashad Rashed – Board Member

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