Arab Misr Insurance GIG’s Investment Portfolio Ups EGP487mn in September

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Deputy General Manager of Investment ant banks at Arab Misr Insurance Group GIG Mohamed Nageh Nour  said the total value of the company’s investment portfolio increased to EGP487.1 million at the last of September.

In statements to Amwal Al Ghad, Nour emphasized that the net income investments are EGP17.64 million within the first quarter of the current year of 2014/2015.

The company’s investments in Treasury bills reached around 77% from the total investment portfolio, stressing that the company has bought investment certificates of Suez Canal project worth EGP5 million.

Moreover, Nour asserted that GIG is aiming to post its investment portfolio to EGP530 million by the end of the current year against EGP470 million investments at last June.