Lack of Financial Culture is Key Challenge to Invest in Egypt’s Funds

The key challenge for banks and capital markets to invest in funds in Egypt is the absence of more effective participation and financial awareness, noting that developing the awareness of savings is considered to be joint responsibility among all the country’s institutions.said ADIB Chairman Karim Helal on Monday.

He added in a keynote speech at the annual conference of “Mutual Funds’ Role in Supporting Egypt’s Economy that reducing saving rate is one of the major problems in Egypt stressing in the necessary of providing various forms of funds.

one of the main forms that appeared recently is real estate and indexes funds, urging to give the confidence to the smaller investors to enter and contribute in the funds.