Egypt’s Delta Life Assurance eyes paid-in capital increase in Q1-FY21

Egyptian Delta Life Assurance plans to increase its paid-in capital to 150 million Egyptian pounds ($9.3 million) within the first quarter of the 2020/2021 financial year, sources in the firm said on Wednesday.

“We pumped 45 million pounds into our paid-in capital during the last financial year, a move to raise our premium portfolio,” the sources with knowledge further told Amwal Al Ghad.

The company also seeks to tap geographically within the upcoming period, they added.