Wethaq Takaful Ins.-Egypt’s premiums grow 80% in 3 m
Saturday, 12 21 2019, Category: Islamic Insurance, Country: Egypt
Wethaq Takaful Insurance-Egypt’s premiums jumped 80 percent year-on-year during the first three months of the 2019/2020 financial year, its chairman said on Tuesday.
Premiums stood at around 132 million Egyptian pounds ($8.2 million), up from 73 million pounds during the first three months of the 2018/2019 financial year, Antar Gad added.
“We paid compensation worth about 59 million pounds to our clients during the first quarter of the current financial year against 32 million pounds during the same period last year, marking an 80 percent increase,” Gad said.
Source: Amwal Al Ghad