The board of Egyptian Chemicals and Fertilizers Export Council donated Monday 50% of their revenues (one million Egyptian pounds) to ‘Long Live Egypt’ Fund.
As pursuant to the 13th board meeting, the CEC’s board of directors has donated EGP 1 million to ‘Long Live Egypt’ Fund, treasurer member Ahmed Hagras told Amwal Al Ghad.
The ‘Long Live Egypt’ Fund was originally initiated by Egypt’s President Abdel Fattah al-Sisi to support and revive the cash-strapped national economy.
Out of CEC’s total contribution, board member Abdul Aziz al-Shafii – Chairman of Al-Amal Company for Pipes – has donated half a million pounds to the fund, he added.
Hagras further referred that the donations come as a result of the board chairman Walid Helal’s calls for the board members and CEC-listed companies to contribute the fund, to give a strong support for the national economy.