Egyptian Takaful Non-Life’s Return On Investment Hit 50.2% End-Dec

The return on investment of the Egyptian Takaful Company (Non-Life) grew 50.2% in the first half of FY 2012/2013, said El-Sayed El-Bayoumi, head of investment department at the company.

The return on investment reached about EGP 8.2 million at the end of last December, compared to EGP 5.4 million in the compared period of last year, El-Bayoumi added.

The initial signs showed that the company’s investments reached about EGP 249.1 million at the end of 2012, compared to EGP 209.4 million in the compared period of last year, registering a growth rate of 18.9%.

The growth rate of the return on investment (50.2%) largely exceeded the growth rate of achieved investments (18.9%), meaning that that the process of investing funds has improved.

These results are relatively good because of the economic and political challenges in Egypt, which made it difficult for return on investment to achieve high growth rates.

It is worth mentioning that the Egyptian Takaful Company (Non-Life) targets to increase its investments in securities by EGP 3 million to reach EGP 10 million in FY 2012/2013.