Suez Canal Authority

Suez Canal Authority (SCA; Arabic: هيئة قناة السويس) is an Egyptian state-owned authority which owns, operates and maintains the Suez Canal. Founded on 26 July 1956, following the nationalization of the canal and the Suez Canal Company by the Egyptian government, the Authority is responsible for managing, exploiting, maintaining, and improving the Suez Canal. It is also exclusively responsible for issuing regulations related to navigation in the Suez Canal and other regulations necessary for the proper functioning of the facility.

The Suez Canal Authority has a board of directors whose chairman and members are appointed, dismissed, and have their salaries and bonuses determined by a decree issued by the President of Egypt. The Authority levies fees for navigation and transit through the canal, as well as fees for pilotage, towing, mooring, and other related services, in accordance with applicable laws and regulations. The Authority has an independent budget, prepared according to the rules governing commercial enterprises. The fiscal year begins on July 1st and ends on June 30th of each year.