Life Takaful Targets Achieving EGP200 mln Premiums by13/14-End

Hesham Abdel Shakour, Managing Director of Egyptian Life Takaful Company, has asserted that his company is aiming to attain EGP200 million premiums by the end of the current fiscal year of 2013/2014.

Abdel Shakour has informed Amwal Al Ghad in an exclusive that Life Takaful attained EGP123 million premiums in the fiscal year of 2012/2013, compared to EGP45 million in FY11/12.

He added that the total investments of the company reached around EGP160 million at the end of the fiscal year 12/13, pointing out that the most documents of the company are investments, adding that Life Takaful boosted the capital, registering EGP130 million instead of EGP100 million.

He further explained that the company’s business results illustrate the progress which achieved by the company, explaining that the Egyptian insurance market is still needing to establish new companies provided that innovate new products that meet with the customer needs.