The Egyptian Endowments Authority has achieved remarkable development in investing in charitable endowments, as part of the state’s efforts to care for and preserve the endowment. Mr. Ahmed Attia, Chairman of the Board of Directors of the Egyptian Endowments Authority, announced that the Authority was able to achieve a noticeable increase in the revenues of the charitable endowment during the first half of the fiscal year 2024/2025 AD
A total of Achieved revenues of 1,566,144,378 Egyptian pounds, recording 127% of the target for this period, and an increase of 31% compared to the same period of the fiscal year. The past.
All of the authority’s regions worked to maximize revenues, and three regions were able to achieve the highest collection rates during this period. The Red Sea region topped the list by achieving 544% of the target, an increase of 21% over the same period of the previous year.
The Luxor region witnessed a noticeable improvement by achieving 186% of the target, an increase of 15% over the revenues achieved in the same period last year. It was followed by the Qalyubia region, which recorded 185% of the target, with an increase of 41% compared to the same period of the previous year.
Ahmed Attia confirmed the continued follow-up. The periodical for all regions, stressing the importance of achieving a standard assessment of revenues and working to preserve the endowment’s funds and resources.
