Misr Insurance: Total Investment Portfolio Hits EGP14bn at end-June

Big 5

Egypt’s Misr Insurance Company (MIC) reported a 7.69% year-on-year surge in its portfolio of total investments to EGP 14 billion by end of last June, chairman Adel Moussa revealed to Amwal Al Ghad.

This comes in comparison with MIC’s results in June-end of 2013, in which the company’s portfolio of total investments had reached EGP 13 billion.

In addition, Moussa noted that his company also registered EGP 1.7 billion in total investment returns by the end of fiscal year 2013/2014, versus EGP 1.2 billion a year earlier.  He said Misr Insurance is aiming to increase its volume of investment returns within the current year.