Arab Orient Takaful’s Assembly to Surge its Capital to EGP77.3m

General Assembly of Arab Orient Takaful Insurance Company approved to surge its capital to become EGP77.330 million, through pumping EGP12.330 million which started from April17 2014, Mohamed Akef, deputy executive director of financial and administrative affairs said.

Akef added that the Assembly decided financing increase of cash distributions to shareholders, noting Arab Orient pumped EGP15 million capitals at the end of the last year.

Extraordinary General Assembly agreed to convert the company’s main headquarters to El-Manial instead of Masr El Gedida (Heliopolis) starting from the next May, pointing that the members, shareholders and representatives from the Egyptian Financial Supervisory Authority (EFSA) have attended the two assembles.