SCA[2] was established by the nationalization act signed on 26 July 1956 by the Egyptian president Gamal Abdel Nasser.

[citation needed] SCA owns the Suez Canal and all areas, buildings and equipment pertaining thereto.

[citation needed] SCA is responsible for the operation and maintenance of the Suez Canal, for the safety of the traffic and for all other matters relating thereto.

[citation needed] According to SCA's web site, its facilities also include 114 ferry connections with 36 ferry boats; the Ahmed Hamdi road tunnel; the Nile Shipyard; the roads alongside the canal; a silk production in a farm at Serabium using treated sanitary waste water for irrigation; water plants in the canal cities; 12,000 housing units; a hospital in Ismailia and emergency hospitals at both ends of the canal; and four schools and various sports and recreational centers.

[8] The Suez Canal set a new record with annual revenue of $9.4 billion in USD for the fiscal year that ended June 30, 2023.