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FINANCIAL NEWS
French AXA to invest USD191.41m in Egypt over 3 years
07 Sep 2015
(MENAFN) French AXA Insurance Company announced investing USD127.7 million during the first year in Egypt, which will be followed by another USD63.71 million over the next three years.
The French firm said that it has received the license to start its insurance activities in the North African country from the Egyptian Financial Supervisory Authority (EFSA) regulator.
French insurer is set to offer life, health, property, accident insurance services for individuals, Small and Medium-sized Enterprises (SMEs), and corporations, the company said.
Deputy Chief Executive Officer of AXA Insurance Company said that Africa in general and Egypt in particular represents a great strategic importance for AXA Group.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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