The Cooperative Insurance Society Egypt decided to hold its general assembly meeting on January 21st during the Society’s board of directors meeting last Tuesday under the chairmanship of Alaa El-Gharably, sources said. The general assembly will discuss the Society’s budget and choose a new managing director.
One of the prominent candidates for the managing director position is Adel Fatoury, general manager of reinsurance department at Egyptian Saudi Insurance House, who currently studies the Society’s financial position to determine his stance regarding holding this position.
El-Gharably, who is the representative of the Social Fund for Development (SFD) at the Society, said in the meeting last Tuesday that SFD is ready to cooperate with the Society in all aspects.