The Egypt Financial Regulatory Authority (FRA) announced that its chairman, Mohamed Farid, attended the signing of a cooperation protocol between Misr Insurance and STM Investment to provide integrated insurance protection for STM’s investment projects, with any disputes to be handled through the Egyptian Center for Voluntary Arbitration and Settlement of Non-Banking Financial Disputes. The initiative was framed as supporting stronger risk management and faster insurance inclusion, while promoting strategic partnerships among major domestic entities. Under the protocol, Misr Insurance, a company of the Egyptian Sovereign Fund, will provide comprehensive coverage for STM’s projects to improve their stability and protection against potential risks. The agreement was signed by Misr Insurance Chief Executive Officer Mohamed Mehran and STM’s financial sector chief executive Sherif Nabil, and includes recourse to arbitration under the center’s rules if dispute resolution is needed. The FRA indicated support for similar initiatives that expand insurance coverage for citizens and businesses and underpin investment activity.
Egypt Financial Regulatory Authority 2025-08-31
Egypt Financial Regulatory Authority witnesses Misr Insurance and STM Investment protocol to insure STM projects and refer disputes to arbitration
The Egypt Financial Regulatory Authority announced a cooperation protocol between Misr Insurance and STM Investment to offer integrated insurance for STM’s projects, with disputes resolved through the Egyptian Center for Voluntary Arbitration. The initiative aims to enhance risk management and insurance inclusion while fostering strategic partnerships. Misr Insurance, part of the Egyptian Sovereign Fund, will provide comprehensive coverage to bolster project stability.