Minister of Investment chairs Misr Insurance Holding meeting

Egypt’s Minister of Investment and Foreign Trade Hassan El-Khatib chaired the General Assembly meeting of Misr Insurance Holding Company, where significant leadership changes and strategic directions were announced. The assembly approved the appointment of Amr El Kady as the new Chairman of the Board of Directors, replacing Engineer Asim Ragab.

This move is part of the company’s institutional development plan aimed at injecting fresh energy to push forward reform efforts and maximise investment returns.

El-Khatib praised the board’s achievements in improving performance and enhancing management efficiency. He highlighted the crucial role of digital transformation in modernising the insurance sector and unveiled an ambitious vision to digitise operations to better serve the nation and future generations.

The minister also emphasised the importance of attracting direct investments and making full use of the company’s resources. He pointed out that the sovereign fund is key to securing economic benefits for coming generations, with plans underway to invest historic real estate assets to boost revenues.

El-Khatib urged the board to develop clear, practical goals for the next phase, stressing the need for efficiency and transparency to complete the company’s development journey.

Attribution: Amwal Al Ghad English
Subediting: M. S. Salama