Egyptian Life Takaful- GIG ups investment portfolio to $39.2mn March-end

Egyptian Life Takaful Insurance Company (GIG) says its investment portfolio reached around 622 million Egyptian pounds ($39.2 million) at the end of the third quarter of the 2019/2020 financial year.

“We plan to increase our investments to about 800 million pounds at the end of next June,” GIG’s managing director Rimah Asaad told Amwal Al Ghad on Thursday.

The company’s investment portfolio in the Egyptian market focuses on banking deposits, besides public debt instruments, including treasury bills and bonds in addition to some real estate investments, Asaad added.