Investor Protection Fund coverage to expand to EGP 1 mn

The Egyptian Investor Protection Fund (EIPF) is considering expanding its investment portfolio coverage limit to EGP 1 mn from EGP 500k to cover stock market losses resulting from fraud, its chairman Mamdouh Abu Elazem told Youm7. We had previously reported that FRA had completed amendments to expand the scope of the EIPF’s coverage and sent them to the Madbouly cabinet for review.