Egyptian Misr Insurance Holding investments hit $5bn

The total investments of Egypt’s Misr Insurance Holding Company reached around 36 billion  Egyptian pounds (US$4.6 billion) at the end of fiscal year 2014-15, Chairman Mohamed Youssef stated Thursday.

Youssef also stated that Misr Insurance intends to participate in funding and insuring all national projects in Egypt within the upcoming period.

The chairman made these remarks during the meeting of general ordinary committees of Misr Insurance affiliates on Thursday.

The meeting was attended by representatives of the Egyptian Financial Supervisory Authority (EFSA) and Accountability State Authority (ASA).

The affiliates of Misr Insurance Holding Company have achieved remarkable results in all insurance and investment activities by following new and promising strategies for growth and managing risks, the chairman announced. Hence, the role of those firms is maximized to take part in national projects  with large investments in national projects.

Chairman Youssef added that the Egyptian economy enjoys prominent foreign and local  investments opportunities since the rate of Egypt has been improved many times due to its political and security stability.