Egypt's Ministry of Culture completes the procedures for establishing a company to invest in the cultural and film industries

egypt Thu, Sep. 30, 2021
The artist, Dr. Enas Abdel Dayem, Minister of Culture, chaired the ordinary general assembly meeting to complete the founding procedures of the Holding Company for Investment in Cultural and Film Industries. Eng. Mohamed Abu Saada, Head of the National Authority for Civilization Coordination “Executive Managing Director”, and the membership of Nermin Mohamed, Head of Corporate Communication, Marketing and Community Support Programs at the National Bank of Egypt, and Director Omar Abdel Aziz, member of the Cinema Committee of the Permanent Committees of the Supreme Council of Culture, and writer and novelist Dr. Fawzy Fahmy, former president of the Academy of Arts, consultant Dr. Khaled Sery Siam, former president of the Cairo and Alexandria Stock Exchange, Mahmoud Adel Samir Mohamed Ghanem, CEO and co-founder of Ionoya for Human Development and Business Consulting, director Sandra Nashaat, Taher El Sherif, founder of the advertising department at Al-Ahram Foundation, Howaida Ramadan “Representative of the Ministry of Finance,” Magdy El-Badry, “representing the Trade Union Confederation.” The members of the Board of Directors also voted in favor of Continuation of the assignment of Dr. Khaled Abdel Jalil to manage the cinema activity of the Holding Company until the establishment of the two companies affiliated to the film industries and heritage crafts.

Enas Abdel Dayem congratulated the company’s board members and its president, and expressed her confidence in their ability to achieve ambitions in activating the role of an economic entity in the Ministry of Culture entrusted with developing and supporting cultural and artistic activities and the cultural product, within the state’s strategy for caring for thought and art and in light of working to advance the creative level of society and for the public interest. In order to meet the aspirations of a nation known for its civilized leadership, she pointed out that the company includes two affiliated institutions, one for cinema and the other for traditional crafts.

She explained that the board of directors sets among its priorities and tasks the preparation of consolidated and disciplined financial statements, opening a bank account in one of the commercial banks, preparing a tax file and presenting it to the general assembly in preparation for the company’s registration in the commercial registry and the completion of the incorporation procedures, taking into account the determinants governing the application of mechanization and its administrative organization.

It is noteworthy that the establishment of the Holding Company for Investment in the Cultural and Film Fields came after the issuance of Dr. In achieving sustainable development axes while maintaining the technical level through content that reflects the value of Egyptian civilization and preserves identity, as the company works to advance the technical level, revive the film industry and restructure the cultural system in Egypt.