The General Assembly for the Insurance Fund headed by Eng. Mohsen Salah –CEO and Chairman of the Arab Contractors Company and the Fund approved the budget for 2018. It was approved among the praising of the controlling authority and in the presence of the Board Member of the Fund: Eng. Sayed Farouk, Eng. Essam Nassef, Eng. Emam Afify, Mr. Hossam El Din Imam, Dr. Onsy Elbeshouty, Mr. Ahmed Shaaban, Mr. Moussa Aly Moussa and Mr. Aly El Rabbat –the deputy Member of the Fund. Mr. Aly declared that the Insurance Fund is keeping upon its distinguished position among the private insurance funds as a result of its policies to achieve the desired growth of its funds and regular upgrading of the methods of providing services to its participants and beneficiaries. He pointed out that the annual increase in the surplus of the reserve funds which exceeded on 31/12/2018 the amount of 3 billion and 572 million EGP. The surplus achieved was 285 million and 500 thousands EGP during the year with a growth rate of 8.7% of the reserve fund's value, which reflects a positive and reassuring indicator for the members about the keenness of the Board Members to develop the reserve fund and preserve the rights of members and the beneficiaries from the Fund. Mr. El Rabat added that within the framework of the management keenness to provide the elements of time, effort and the facilitation of the procedures for the pensioners; and continuous development in the provision of services, the postal transfers of retired colleagues is replaced by the electronic cash withdrawal by the national card "Miza" which will save time and effort during the second or the third working day of the month as the rest of the pensions from banks, instead of waiting until the tenth day. He pointed out that the work is ongoing to apply the electronic payment system to pay the dues of the pensioners instead of checks. He explained that within the framework of the Fund's management policy to take all the necessary procedures to manage its assets to achieve the maximum return on investment to enhance the reserve money.The components of the investment portfolio and its restructuring is under study to achieve balance between the short, medium and long-term investments to sustain the cash flow and meet the fund's commitments towards its members and re-invest the returns to cover the financing gap between the activity's revenues and payments, besides preserving the surplus levels of the reserve funds. Mr. Aly El Rabat stated that the value of the activity's revenues resembled by the contributions collected in 2018 is amounted to 219.6 million EGP and the value of the payments represented in the insurance benefits and the paid pensions is amounted to 377.3 million EGP. The shortage was covered by 157.7 million EGP from the returns of the investment activity. The total return of the investment activity during the year reached for the first time 545.3 million EGP compared to 468.9 million EGP last year, with an increase of 76.4 million EGP with 16.3%increase than the last year.