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🇪🇬 Egypt /Economy & Trade

Egypt's Medical Professions Syndicate assures pension fund protection

From Al-Masry Al-Youm · () Arabic

Translated from Arabic, summarized and contextualized by DistantNews.

At a glance

News Official statement Context piece
  • The head of the Syndicate of Medical Professions in Egypt affirmed commitment to preserving the funds of the Aid and Pensions Fund.
  • He clarified that discussions about developing the Al-Ittihad club are intended to gather member opinions, not to use pension funds for recreational activities.
  • The syndicate stated that alternative funding methods exist for club development without touching pension money.

Cairo, Egypt – The head of Egypt's Syndicate of Medical Professions has strongly asserted that the funds of the Aid and Pensions Fund will be protected and will not be diverted.

Dr. Osama Abdel Hai, chairman of the syndicate's board, emphasized the council's full commitment to safeguarding the fund's assets. He reiterated adherence to general assembly decisions that prohibit using the fund's money for financing projects or recreational activities.

Abdel Hai clarified that a recent call for a discussion session regarding the development of services and activities at the Al-Ittihad club in Nasr City is solely aimed at listening to members' opinions and suggestions. He stressed that this initiative does not imply any allocation or spending of Aid and Pensions Fund money on recreational pursuits. The syndicate indicated that various other methods can be employed to secure necessary funding when needed, without resorting to pension funds.

DistantNews Editorial

Originally published by Al-Masry Al-Youm in Arabic. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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