Egypt – Capital increases of 6 insurers
Monday, 03 26 2018, Category: Insurance and Reinsurance, Country: Egypt
Six Egyptian insurance companies are preparing capital increases amounting to a total of EGP 138 million to EGP 168 million during the current financial year 2017/2018, so the total capitals of these companies will range between EGP 502 million and EGP 670 million. These six insurers include two Takaful companies and 4 commercial insurers.
Property insurers are the most likely to increase their companies i.e. 5 companies with a total EGP 153 million capital increase against one life insurer with a EGP 15 million capital increase.
Source: Al Mal News