Egyptian Takaful Insurance’s assets likely to grow to 2.7 bln pounds June-end

Egyptian Takaful Insurance (Property) plans to increase its assets to around 2.7 billion Egyptian pounds ($171.3 million) at the end of June 2021, vice-chairman announced on Sunday.

“We seeks to raise our investments to 2.3 billion pounds at the end of next June against 1.8 billion pounds at the end of last financial year 2019/2020,” El-Sayed Bayoumi said.

The company also targets achieving net investment income worth 290 million pounds within the current financial year 2020/2021, up from 242 million pounds during the last financial year, he added.