Arab Orient Takaful Shareholders Convene Today for Capital Top-up

It is schedule for Arab Orient Takaful Insurance Company to hold its annual General Assembly today in order to discuss increasing its capital to EGP77.33 million, said Mohamed Akef, deputy executive director of financial and administrative affairs of the company.

Speaking to Amwal Al Ghad Arabic’s Website, Akef explained that the Company’s paid up capital reached EGP65 million, noting Orient pumped EGP15 million capitals at the end of last year.

Akef added that it is schedule to hold an extraordinary general assembly for the company to review changing the company’s main headquarters to be in El-Manial instead of Masr El Gedida (Heliopolis), stressing that the two Assemblies will be held by the company’s board of directors and representatives from the Egyptian Financial Supervisory Authority (EFSA).