Arab Misr Insurance’s Investment Portfolio hit $67mln end June

Arab Misr Insurance Group’s (GIG) investment portfolio reached 522.7 million Egyptian pounds (US$66.7 million) at the end of fiscal year 2014-15, Investment and Banking Manager Mohamed Nagah Nour said Saturday.

Nour told Amwal Al Ghad that the net income from the investment portfolio reached 54.65 million Egyptian pounds at the end of fiscal year 2014-15.

Arab Misr Insurance Group got the final approval from the Egyptian Financial Supervisory Authority (EFSA) to issue its second investment fund in the Egyptian market, the official said, adding that the company is waiting for Central Bank of Egypt’s (CBE) approval issue it.