Saudi Egyptian Investment Company WhatsApp Group Scam

A WhatsApp group bearing the name "Saudi Egyptian Investment Company" (in Arabic: Al-Sharika al-Saudiyya al-Misriyya lil-Istithmar) has invited its members to send money for investment. The Financial Regulatory Authority (FRA) of Egypt announced on 26 October 2026 that this group was raising investment fund money from the public without legal permission.

🏢 Why Does the Name Similarity Matter?

There is a real company with the same name, linked to the Public Investment Fund of Saudi Arabia; in 2022 it bought shares in companies listed on the Egyptian stock exchange. The WhatsApp group has no connection with this institution. The name of a well-known investor appears to have been chosen to create the impression among members that "we are entering the same shares as the big partners".

In the FRA record the invitation link code of the group appears as GHg283tcqE81TrdXj4G3Qe; the details can be seen on the authority's alert page.

🚩 How the WhatsApp Investment Group Operates

Groups of this kind have an "investment adviser" and members who praise him. Money is sent to personal accounts or to an application recommended by the group, and new payment demands arrive at the withdrawal stage. The group is not authorised in Türkiye by the Capital Markets Board (SPK); authorisation can be checked on the SPK list of intermediary institutions. The SPK's Decision No. 5/173 contains a warning against unauthorised investment guidance through social media and messaging channels.

🔗 Other Groups Using the Same Method

We have covered before the schemes that carry the names of large investment firms into WhatsApp groups.

🧭 The Legal Process for Victims

1. For payments with a link abroad, the routes for getting the money back are assessed together.
2. The accounts that received the money are traced through an asset investigationTR.
3. The use of intermediary accounts can also be examined from the point of view of laundering of proceeds of crimeTR.

For detailed information and legal support, you can contact Savun Law & Consultancy.

❓ Frequently Asked Questions