First state-run takaful insurance firm to start operations in six months
The Minister of Public Sector Affairs, Ashraf El-Sharkawy, said on Sunday that Egypt’s first government-owned takaful insurance company, Misr Takaful Insurance, is expected to commence operations within six months. The company will have authorised capital of cEGP500mn (USD28.1mn), issued capital of EGP120mn, and paid-up capital of EGP60mn. Misr Insurance Holding holds a 40% stake in Misr Takaful Insurance; while Misr Life Insurance has 20%, Misr Real Estate Assets Management 20%, Holding Company for Pharmaceuticals (Holdipharma) 10%, and Misr Investment and Finance Fund 10%.
This website uses cookies to make the site work, to understand if the site is working well, how it is being used, to connect to social media sites (such as Facebook and Twitter) and to collect information useful to allow us and our partners to provide you with more relevant ads . Some cookies are essential to make the site work, but you can control how we use non-essential cookies at any time by clicking the “ON/OFF” button next to each category. For more information about the cookies used on this site, see Privacy Policy.
Decide which cookies you want to allow.
Strictly Necessary
These cookies are essential in order to enable you to move around our website and use its features, such as accessing secure areas of our website. Without these cookies, any services on our Site you wish to access cannot be provided.
Analytical/performance cookies
Visitors use our website, for instance which pages you go to most often, and if you get error messages from web pages.