Arab Orient Takaful Insurance’s investment revenues are EGP5.8mn in 3 Months

The total value of investment revenues of Arab Orient Takaful Insurance within the first quarter of the fiscal year 2014/2015 inched by 38% to EGP5.8 million in compared to EGP4.2 million within the same period of the previous year, said Mohamed Akef, deputy executive director of financial and administrative affairs of the company.

Speaking to Amwal Al Ghad on Thursday, Akef explained that the allocated investment revenues reached EGP3.971 million at the end of September while the unallocated investment revenues were EGP1.821 million in the same period.

The company’s total investments reached EGP291.4 million at the end of September in compared to EGP256.2 million in September 2013, stressing that the technical gross of allocations reached EGP143.3 million during the end fiscal year of June 2014, Akef noted.

The total value of premiums which attained by Arab Orient Takaful in the first quarter of the fiscal year of 2014/2015 reached EGP63.8 million in compared to EGP52 million in the same period of the previous year, he asserted.

Moreover, The company paid EGP28.5 million within the first 3 months of 2014/2015, against EGP12.8 million in the same period of 2013, the gross net profits of shareholders reached EGP7.1 million in September from EGP6.3 million in September 2013.