Presidential decree appoints board of trustees for ‘Long Live Egypt’ Fund

President Abdel Fattah Al-Sisi issued a presidential decree Sunday appointing a board of trustees for the ‘Long Live Egypt’ Fund, according to a presidential statement.

Members of the new board include former Grand Mufti Ali Gomaa, CBC channel owner Mohamed Al-Amin, business tycoon Naguib Sawiris, head of the financial affairs department in the Armed Forces General Mohamed Amin Ibrahim Nasr, Reham Abu Ismael, and businessman Basil El-Baz.

The fund, named after Al-Sisi’s election campaign slogan, was launched last July and was granted legal status in November. It is to collect donations to support the economy and fund projects. In various speeches, Al-Sisi has called on Egyptians to donate.

The fund was financed and supported by the Central Bank of Egypt (CBE), which opened a new bank account for the fund under the number 037037. The account number represents the date of 3 July 2013, when Al-Sisi declared the ouster of former Islamist president Mohamed Morsi.