Wethaq Takaful Insurance Eyes EGP120mn Premiums in FY14/15

Wethaq Takaful Insurance Company eyes attaining EGP120 million premiums within the current fiscal year of 2014/2015, with 20% expected growth rate, Mr. Abdul Latif Sallam Managing Director revealed.

Speaking to Amwal Al Ghad Arabic’s Website, Sallam asserted that the company succeeded in achieving the targeted plan of 2013/2014 and the expected premiums will reach up EGP100 million in compared to EGP76 million at March 2014.

The total value of expected investments for Wethaq up to EGP220 million against EGP216 million at March 2014, he added.