Arab Misr Insurance (GIG) Says EGP443.5 mln Investments in Dec-End2013

Mohamed Nagah Nour, Head of Investment Sector at Arab Misr Insurance Group (GIG) said the investment portfolio of the company reached around EGP443.599 million at the end of last December.

Nagah has informed Amwal Al Ghad in an exclusive that the investments net profits reached about EGP34.37 million in December2013, against EGP17.86 million in December2012.

He pointed out that the company is targeting to boost its investment portfolio to about EGP460 million at the end of the current fiscal year of 2013/2014, asserting that the company’s investments in Stock exchange reached 8% from its investments portfolio.

He further expected that this year will witness growth rates in investments’ size due to Egypt’s political and economic stability.