Investment & Trading Risk Disclosure

Last Updated: [August 2026]

Important Information

Investing and trading in securities involves risk.

Before investing through Mintd, you should carefully consider your financial circumstances, investment objectives, knowledge, experience, risk tolerance, and ability to sustain losses.

The value of investments can rise or fall. You may lose some or all of the money you invest.

Past performance does not guarantee future results.

This Risk Disclosure provides an overview of certain important risks associated with investing and trading through Mintd. It does not describe every possible risk and should be read together with your account agreement, applicable product documentation, and any other disclosures provided by Cairo Capital Securities.

1. General Investment Risk

All investments involve risk.

The price and value of securities may increase or decrease due to factors including:

  • company performance;

  • investor sentiment;

  • economic conditions;

  • interest rates;

  • inflation;

  • exchange rates;

  • political developments;

  • regulatory changes;

  • market liquidity;

  • global market conditions; and

  • unexpected events.

There is no guarantee that you will recover the amount originally invested.

2. Market Risk

Financial markets may experience periods of significant volatility.

Securities prices may change rapidly and sometimes without an immediately identifiable reason.

Market-wide events may affect otherwise financially sound companies.

During periods of extreme volatility, the price at which an order is executed may differ materially from the price displayed when the order was submitted.

3. Individual Security Risk

Investing in an individual company exposes you to risks specific to that company.

These may include:

  • poor financial performance;

  • management changes;

  • competitive pressures;

  • loss of customers;

  • operational problems;

  • legal disputes;

  • regulatory action;

  • financing difficulties; and

  • insolvency.

A company’s share price may decline substantially, and in extreme cases an investment may lose most or all of its value.

4. Liquidity Risk

Some securities trade frequently and in significant volumes. Others may have limited trading activity.

Low liquidity can make it difficult to buy or sell a security at your preferred price or within your preferred timeframe.

In illiquid or volatile markets:

  • orders may remain unexecuted;

  • orders may only be partially executed;

  • bid/ask spreads may widen; and

  • executing a large order may materially affect the market price.

5. Price and Execution Risk

The market price of a security can change between the time you submit an order and the time the order is executed.

The price shown within Mintd may therefore differ from your final execution price.

Execution depends on factors including:

  • available buyers and sellers;

  • order type;

  • order size;

  • price limits;

  • market liquidity;

  • trading conditions;

  • exchange rules; and

  • market availability.

Submitting an order does not guarantee execution.

6. Market Order Risk

Where market orders are available, a market order generally prioritizes execution over price.

During volatile or illiquid market conditions, a market order may execute at a price significantly different from the most recently displayed price.

You should understand the characteristics of each order type before submitting an order.

7. Limit Order Risk

A limit order specifies a maximum purchase price or minimum sale price.

Although a limit order provides greater price control, there is no guarantee it will execute.

The market may never reach your specified price, or insufficient liquidity may prevent execution even if the market trades at that price.

8. Partial Execution Risk

An order may be executed in multiple transactions or only partially executed.

This may occur when there are insufficient securities available at the specified price or because of market conditions.

The unexecuted portion may remain pending, expire, or otherwise be handled according to the order instructions and applicable market rules.

9. Volatility Risk

Securities prices can experience significant fluctuations over short periods.

High volatility increases uncertainty regarding execution prices and portfolio values.

Investors should avoid assuming that recent price trends will continue.

10. Concentration Risk

Investing a large proportion of your portfolio in a single security, company, sector, or asset class increases exposure to adverse developments affecting that investment.

Diversification may help reduce certain risks but cannot eliminate the possibility of investment losses.

11. Margin Trading Risk

Margin trading involves significantly higher risk than fully funded cash investing.

Margin facilities allow eligible investors to purchase securities using credit or borrowed funds.

While leverage can increase potential returns, it can also magnify losses.

If the value of securities held in a margin account declines:

  • your equity in the account may decrease rapidly;

  • you may be required to provide additional cash or eligible collateral;

  • your available purchasing power may be reduced;

  • positions may need to be sold to meet margin requirements; and

  • you may incur financing costs or other applicable charges.

Where permitted by your margin agreement and applicable rules, securities or other collateral may need to be liquidated to satisfy outstanding obligations.

Market conditions may result in securities being sold at unfavorable prices.

You should not use margin trading unless you fully understand leverage and can financially withstand significant losses.

Additional margin terms and disclosures apply to approved margin accounts.

12. Interest and Financing Costs

Margin trading and certain other services may involve financing costs.

These costs reduce investment returns and may continue to accrue while a financed position remains open.

An investment may therefore need to appreciate sufficiently to cover financing costs and other charges before producing a positive return.

13. Trading Suspension Risk

Trading in a particular security or the broader market may be temporarily suspended by the EGX, regulatory authorities, or other authorized entities.

During a suspension, you may be unable to buy or sell affected securities.

When trading resumes, the market price may differ significantly from the price before suspension.

14. Delisting Risk

A security may be delisted from an exchange.

Delisting may affect liquidity, marketability, valuation, and your ability to sell the security.

The treatment of a delisted security will depend on the circumstances and applicable regulations.

15. Corporate Action Risk

Companies may undertake corporate actions including:

  • dividends;

  • rights issues;

  • stock splits;

  • capital increases or reductions;

  • mergers;

  • acquisitions;

  • tender offers;

  • restructurings; and

  • other actions.

These events may affect the value, quantity, rights, or characteristics of securities held in your portfolio.

16. Economic and Political Risk

The Egyptian securities market may be affected by economic, fiscal, monetary, regulatory, geopolitical, and political developments in Egypt and internationally.

Factors such as inflation, interest rates, currency movements, changes in taxation, government policy, geopolitical events, and international market conditions can materially affect investment values.

17. Currency Risk

Where an investment, asset, transaction, or underlying exposure involves a currency different from your base currency, exchange-rate movements may increase or decrease your investment return.

Currency fluctuations may therefore cause losses even when the underlying investment performs positively in its local currency.

18. Inflation Risk

Inflation reduces the purchasing power of money.

An investment may increase in nominal value but still produce a negative real return if its performance does not exceed inflation and associated costs.

19. Technology Risk

Mintd is a digital platform and relies on technology, telecommunications networks, market infrastructure, financial institutions, and third-party systems.

Technical problems may occasionally result in:

  • delayed market information;

  • interrupted access;

  • inability to submit or cancel an order;

  • delayed confirmations;

  • display errors; or

  • temporary service unavailability.

Where alternative trading or communication channels are available, users should familiarize themselves with them.

20. Internet and Connectivity Risk

Your ability to use Mintd depends partly on your device and internet or mobile connection.

Weak connectivity, device failure, outdated software, or telecommunications outages may affect your ability to access your account or submit instructions.

You are responsible for maintaining suitable device security and connectivity.

21. Cybersecurity and Account Security Risk

Digital financial services may be targeted by phishing, malware, social engineering, credential theft, or other cyber threats.

Never share your password, PIN, one-time password, or verification code with another person.

You should immediately contact Mintd if you suspect unauthorized access to your account.

22. Information and Data Risk

Market prices, charts, research, financial information, news, and other data displayed through Mintd may originate from third-party or market sources.

Information may occasionally be delayed, incomplete, inaccurate, interrupted, or subsequently corrected.

You should not rely solely on one piece of information when making an investment decision.

23. Research and Analyst Risk

Mintd may provide research, analyst opinions, recommendations, target prices, market commentary, or other investment-related information.

These materials represent views based on information and assumptions available at the time of publication.

They may subsequently change.

Actual outcomes may differ materially from forecasts or expectations.

Research and analyst content does not constitute a guarantee of investment performance.

24. Past Performance

Historical returns, price movements, charts, or performance statistics are not reliable guarantees of future results.

A security that has increased significantly in the past may decline in the future.

Likewise, historical losses do not necessarily indicate future losses.

Investment decisions should not be based solely on historical performance.

25. Forecasts and Forward-Looking Information

Forecasts, price targets, projections, estimates, and forward-looking statements are inherently uncertain.

Actual results may differ materially due to market, economic, company-specific, political, regulatory, or other developments.

No forecast should be interpreted as a guaranteed outcome.

26. Diversification

Diversification involves spreading investments across different securities, sectors, or asset classes.

Diversification may reduce certain forms of investment risk but cannot eliminate market risk or guarantee against loss.

27. Short-Term Trading Risk

Frequent or short-term trading may expose investors to greater volatility, transaction costs, timing risk, and emotionally driven decision-making.

Attempting to predict short-term market movements can result in substantial losses.

28. Emotional and Behavioral Risk

Investment decisions can be affected by fear, overconfidence, herd behavior, loss aversion, and other behavioral biases.

Rapid market movements may encourage investors to make decisions inconsistent with their original investment objectives.

You should consider your strategy carefully rather than assuming that market trends will continue indefinitely.

29. Asset Management Risk

Where you choose professionally managed investment or asset-management services offered by Cairo Capital or another applicable licensed entity, investments remain subject to market risk.

Professional management does not guarantee positive returns or protection from losses.

The risks, strategy, fees, mandate, and other conditions applicable to an asset-management service will be described in the relevant agreement and disclosures.

30. Tax and Regulatory Risk

Tax laws, financial regulations, exchange rules, and other legal requirements may change.

Such changes may affect investment returns, transaction costs, market accessibility, or the treatment of particular securities.

You are responsible for obtaining appropriate tax or legal advice where necessary.

31. No Guarantee of Profit

Mintd, Cairo Capital Securities, Cairo Capital, their analysts, employees, and affiliates do not guarantee:

  • profits;

  • investment returns;

  • achievement of analyst target prices;

  • protection against market losses; or

  • preservation of invested capital.

Any representation that securities trading can provide guaranteed returns should be treated with caution.

32. Your Responsibility as an Investor

Before making an investment, you should consider:

  • what you are investing in;

  • why you are making the investment;

  • the risks involved;

  • how much you can afford to lose;

  • your investment timeframe;

  • your need for liquidity;

  • your overall portfolio exposure; and

  • whether the investment is appropriate for your circumstances.

You should seek independent professional advice if you do not understand an investment, product, strategy, or associated risk.

33. Regulatory Information

Mintd is a digital investment and securities trading platform powered by Cairo Capital and operated by Cairo Capital Securities.

Cairo Capital Securities is licensed and regulated by the Financial Regulatory Authority of the Arab Republic of Egypt under License No. 393.

Regulatory oversight does not eliminate investment risk and should not be interpreted as a guarantee of investment performance or protection from market losses.

34. Acknowledgment

By opening and using an investment account through Mintd, you acknowledge that:

Investments can rise or fall in value.

Investment returns are not guaranteed.

You may lose some or all of your invested capital.

Margin trading involves additional risk and can magnify losses.

Past performance does not guarantee future results.

You are responsible for understanding the investments and services you use.

This disclosure should be read together with all agreements, terms, product disclosures, and regulatory documentation applicable to your account.

35. Contact

For questions about your Mintd account or the risks associated with available services:

Mintd / Cairo Capital Securities

Customer Service: 17553