Mohandes Insurance’s investments rise to 796mn Egyptian pounds end-2019

Egyptian Mohandes Insurance’s total investment portfolio increased to 796 million Egyptian pounds ($50.5 million) at the end of the last year, said an official source in the company on Sunday.

“Our investments in banks’ saving accounts recorded 83.5 million pounds at the end of December 2019,” the source further told Amwal Al Ghad.

The company net real estate investments reached around 10 million pounds at the end of last December 2019, he added.

“Our total assets registered about 1.05 billion pounds at the end of the last year,” the source said, adding that shareholders’ equities also stood at around 313 million pounds during the same period.