FRA Oks increase in Egyptian Takaful Insurance’s capital

By Alzahraa mostafa On Aug 20, 2020

Egypt’s Financial Regulatory Authority (FRA) on Wednesday endorsed a planned increase in the Egyptian Takaful Insurance’s (Property) issued capital to 230 million Egyptian pounds ($14.4 million).

Last September, Egyptian Takaful Insurance’s (Property) board approved to pump 46 million pounds increase in its paid-in capital to record 230 million pounds.

Egyptian Financial Regulatory Authority (FRA)Egyptian Takaful Insurance Co. (Property)Increases issued capital