Enaya Health Insurance-Egypt Surges its Capital to EGP10mln

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Enaya Health Insurance Company approved pumping EGP1.5million increase in the company’s capital within a last few days to become EGP10million, Sherif Fathy Managing Director said.

Speaking to Amwal Al Ghad Arabic’s Website, Fathy said the company supported its financial position during the previous 3 years  through injecting EGP2.5million capital via stages to up EGP8.5million.

Enaya is planning pumping EGP5million other boost with EGP15million in paid up capital in conjunction with its expansion plan which schedule to start after the economic and political stability in Egypt, Fathy added.

The total volume of collective premiums for insurance companies which contracted with Enaya at the end of last year reached around EGP80million, targeting to achieve 15% growth rate in the ongoing year worth EGP92million.