Egypt – No instructions to list Misr insurance in the stock exchange
Tuesday, 05 10 2016, Category: Insurance and Reinsurance, Country: Egypt
Mr. Adel Moussa chairman of Misr insurance said there are no instructions or governmental guidelines to introduce Misr Insurance in the Egyptian stock exchange in the next period, saying “listing the company in the stock exchange is not my decision…until now I did not receive instructions about the possibility of listing the company”.
About the decision to freeze the account of the company in the banks, Mr. Moussa told “Youm 7” that the freezing has been stopped after the appeal of the company clarifying that the freezing problem is not related to the businessman Mr. Hussein Salem.
Mr. Moussa also indicated that the general assembly of the holding insurance company will be held on the next Saturday.
Source: Youm 7