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International

Egyptian takaful insurer to increase capital

July 24, 2017 Reprints

Ahmed Arifin, managing director of Egyptian Takaful Insurance Co. said that the insurer plans to raise its capital by a third to 160 million Egyptian pound ($9 million) from the current EGP 120 million, Middle East Insurance Review reported citing Al Mal. The increase is aimed at supporting the insurer's expansion, including opening more branches, Mr. Arifin said.

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Egyptian takaful insurer to increase capital

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