Egyptian Takaful Insurance to Distribute EGP11.4mn Dividends for Policyholders

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The General Assembly of Egyptian Takaful Insurance – Properties approved to distribute dividends to policyholders that worth up to EGP11.4 million, El-Sayed Bayoumi – head of investment department revealed.

Egyptian Takaful Insurance– Properties’  net profits reached EGP26 million in June 2014 in compared to EGP17 million profits in the last year, move up by 53% growth rates.

In statements to Amwal Al Ghad, Bayoumi explained that the company will announce for the date of distributing the profits in addition to policyholders will obtain their dues through an official announcement in accordance with law provisions in the upcoming period.

The general assembly adopted the results of the company of the last fiscal year, explaining that the company has achieved EGP318.5 million premiums during the fiscal year of 2013-2014, compared to EGP274.4 million in the previous year move up with 16% growth rates, Bayoumi noted.

Egyptian Takaful’s total investments are EGP370 million in June against EGP283 million in the last year, registering 31% growth rates, the revenues of these investments reached EGP48.6 million in June in compared to EGP35.1 million at June 2013, with 43% growth rates.