Orient Takaful Insurance to boost investment portfolio June 2017

Orient Takaful Insurance Company-Egypt targets increasing investment portfolio to 405 million Egyptian pounds (US$51.7million) at the end of current fiscal year, deputy executive director of financial and administrative affairs Mohamed Akef said Thursday.

The official stated that company’s investments have been hiked to EGP357.2 million at the end of fiscal year 2014-15 opposed to EGP256.2 million at the same period of previous year, marking 39.4% growth.

Orient Takaful Insurance Company has obtained total volume of return on investments estimated at 27.9 million Egyptian pounds at fiscal year 2014-15 compared to 18.4 million Egyptian pounds at the same period of previous fiscal year, making 51.6% growth.

Akef further noted that the company has raised its capital to 100 million Egyptian pounds at the end of 2014.