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FINANCIAL NEWS
Egypt General Takaful to rise 56 percent in investments
22 Mar 2016
(MENAFN) Insurer Tokio Marine Egypt General Takaful aims to grow its investments in the country by 56 percent in the fiscal year 2015/2016 to USD 5.25mn.
Moreover, the group’s investments had surged to USD 3.37mn by the end of the financial year 2014/2015.
The group’s Shariah-compliant, notably in governmental bonds, treasury bills, in addition to deposits in investment accounts with Islamic banks.
The firm was established as Nile Takaful in 2008 as a private joint venture arrangement, resulting as Nile General Takaful.
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