Arab Misr Insurance-GIG Attains EGP460mn Investment Portfolio in March-End

The total investment portfolio of Arab Misr Insurance Group GIG reached EGP460.5 million within 9 months of the current fiscal year 2013/2014, Mohamed Nagah Nour, Head of Investment Sector asserted.

The net profits of GIG’s investments reach up EGP46 million at the same period, adding that the total income investment value is EGP52 million at the end of last March, Nour explained.

The second investment fund will be launched under GIG underwriting by the end of the current month with EGP50 million initial capitals, noting that Prime Investment Company will take over the fund’s board of directors.

Furthermore, the insurance sector awaits the presidential elections as it will contribute in attaining the political and economic stability in Egypt that will support alluring fresh investments for the country.