GIG – Egypt eyes 10% surge in FY20 investments – official

By Eslam Abdelhameed On Oct 30, 2019

GIG Insurance – Egypt — Alaa el-Zoheiry, chairman of the Insurance Federation of Egypt (IFE) and managing director of GIG-Egypt (Photo Credit: Amwal Al Ghad)

Egypt’s Arab Misr Insurance Group- GIG targets a 10 percent year-on-year increase in its investments within the 2019/2020 financial year, managing director said on Wednesday.

“We seek to raise our investment portfolio to 1.23 billion Egyptian pounds ($76.1 million) at the end of next June from 1.12 billion pounds at the end of last June,” Alaa el-Zoheiry told Amwal Al Ghad.

The company has posted returns from investments up to about 137 million pounds during the last financial year, el-Zoheiry added.