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Source:
الوطن
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Endowment Impact Rules
Senator Hisham Magdy called for establishing rules to govern cooperation between the Ministry of Awqaf, civil society organizations and the private sector, in order to enhance the economic impact of Egypt’s endowments, protect their assets and invest them efficiently while adhering to the conditions set by their founders. He also called for clarification of the total value and distribution of endowment assets, when they were last comprehensively assessed at market value, and the timetable for completing their inventory. He said his request aimed to clarify the government’s policy and highlight the ministry’s efforts to preserve this national wealth.
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