Orient Takaful Egypt eyes boosting investment at end-FY20
Friday, 12 06 2019, Category: Islamic Insurance, Country: Egypt
Orient Takaful Insurance – Egypt plans to increase its investments to 1.2 billion Egyptian pounds ($74.5 million) at the end of the 2019/2020 financial year, said chief executive on Monday.
Egypt’s financial year starts on July and ends on June 30. The current 2019/2020 financial year will end on June 30, 2020.
The company’s investments stood at 1 billion pounds during the 2018/2019 financial year, Mohamed Abdel Rasool added.
“The new investments will be directed to public debt instruments, including government treasury bills and bonds,” Abdel Rasool said.
Source: Amwal Al Ghad