Egyptian Mohandes Insurance’s assets climb 5.8% y-o-y June-end

By Eslam Abdelhameed On Sep 13, 2020

Reda Fathy, chairman and managing director of Egyptian Mohandes Insurance Company

Egyptian Mohandes Insurance’s assets surged 5.8 percent year-on-year to 1.05 billion Egyptian pounds ($66.6 million) at the end of the 2019/2020 financial year, according to sources.

Earlier, assets recorded 996.3 billion pounds at the end of June 2019.

Shareholders’ equity increased 10.6 percent to 353.5 million pounds at the end of the last financial year from 319.7 million pounds during the financial year 2018/2019, official sources further told Amwal Al Ghad on Saturday.

The company achieved standalone profits worth 112.28 million pounds against 92.2 million pounds during the financial year 2018/2018, marking a 21.7 percent growth.

assets Mohandes Insurance