Egypt’s Royal Insurance Oks paid-in capital increase

Egyptian Royal Insurance’s general assembly has endorsed a planned increase in its paid-in capital to 150 million Egyptian pounds ($9.3 million), a senior official said on Thursday.

During the 2018/2019 financial year, the firm raised its paid-in capital to range between 125-150 million pounds through injecting 25 million pounds generated from profits, general manger Ahmed Hassan Darwish told Amwal Al Ghad.