Egypt - Sarwa Ins. to raise paid-in capital to EGP 100m June-end
Friday, 04 17 2020, Category: Insurance and Reinsurance, Country: Egypt
Sarwa Ins. says it plans to increase its paid-in capital to 100 million Egyptian pounds ($6.3 million) at the end of the 2019/2020 financial year.
“Our current paid-in capital reached 50 million pounds,” the company’s chief executive and managing director Ahmed Khalifa told Amwal Al Ghad on Wednesday.
The company’s strategy to increase its paid-in capital is a move to maximize its premium portfolio in the Egyptian market, Khalifa added.
Source: Amwal Al Ghad