Royal Insurance Egypt’s Assembly Approves Launching EGP50m Mutual Fund

Royal Insurance Egypt’s shareholders approved during general assembly meeting to found mutual fund, with an initial capitalization worth EGP50 million, Hassan Darwish , Vice Chairman & Managing Director.

Speaking to Amwal Al Ghad Arabic’s Website, Darwish explained that Royal plans to finalise the measures of establishing its mutual fund.

Royal intends issuing mutual funds for cash liquidity that aims provide saving and investment pots, Darwish added.

Moreover, The company is still in talks with two banks in order to conclude cooperation agreements, expecting to sign cooperation protocol with one of the banks by the upcoming few months so as to contribute in boosting the targeted premiums and its strategic plans.