Misr Ins. Holding targets EGP 4.2bn profit in FY19/20
Wednesday, 05 22 2019, Category: Insurance and Reinsurance, Country: Egypt
Misr Insurance Holding Company (MIHC) on Tuesday unveiled an EGP 4.2 billion ($250 million) targeted net profit for the fiscal year 2019/2020.
MIHC’s subsidiaries are facing market variables with flexible and fresh policies and huge financial capacity, chairman and managing director of MIHC, Basel El Hini, said in a statement.
El Hini stressed the importance of geographical and activity expansions.
The top official announced the study of the establishment of a new company operating in takaful insurance, medical insurance, finance lease, and microfinance.