Misr Insurance Holding Pledges EGP25mn for ‘Long Live Egypt’ Fund

By Yomna Yasser On Jul 20, 2014

Egypt’s Misr Insurance Holding Company and its subsidiaries will contribute EGP 25 million to ‘Long Live Egypt’ fund to support national economy, said investment minister Ashraf Salman on Saturday.

The minister stated that the insurers’ contributions will be as follow; Misr Insurance Holding Company (EGP 4 million), Misr Insurance Company (MIC) (EGP 10 million), Misr Life Insurance (EGP 10 million) and Misr Real Estate Assets (EGP 1 million).

The fund was originally initiated by Egypt’s President Abdel Fattah al-Sisi to support and revive the cash-strapped national economy.