Egypt Post expands investments to reach 174 billion pounds

Egypt Post has a portfolio of investments totalling around 174 billion Egyptian pounds (US$19.6 billion), its chief executive Essam El-Sagheer announced Sunday.

The investments include 102 billion pounds contributed to the country’s state-run National Investment Bank (NIB), he added.

El-Sagheer made these remarks during a press conference held in Smart Village on Sunday, saying that more investments would be employed in various financial portfolios in accordance with the market needs.

El-Sagheer further said that Egypt Post is in the process of establishing a new tracking centre in Nasr City in addition to a spare call centre in Maadi.