Misr Takaful Insurance Company – Hayat kickstarts with EGP 150m capital

Misr Takaful Insurance Company – Hayat kickstarts with EGP 150m capital

Misr Insurance Holding Company, Misr Life Insurance, Misr Insurance, the National Bank of Egypt (NBE), Banque Misr, and Misr Financial Investment Company signed an agreement on Tuesday to establish Misr Takaful Insurance Company â Hayat with a capital of EGP 150m.. Misr Insurance Holding and its subsidiary companies contribute 52% to the fund, including 12% from Misr Insurance Holding , 20% from Misr Life Insurance, and 20% from Misr Insurance.. Okasha stressed NBEâ s keenness to diversify its investment portfolio, to include various economic sectors, as it owns companies operating in the financial leasing, real estate, medical sector, agricultural sector, and other companies, besides Al-Ahly Exchange Company, which was recently established by the bank, and has 32 branches.. Mohamed El-Etriby, chairperson of Banque Misr, said that the bank recently exited Egyptian Takaful Insurance Company , where it owned an 8% stake, in order to enter this new company, within the framework of the continuous cooperation between the bank and Misr Insurance Holding Company.. On the sidelines of the press conference held by Misr Insurance Holding Insurance, El Hini stressed that the company intends to maximise non-banking financial services.. He pointed out that the company intended to establish