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Takaful insurer gets approval for majority stake sale

Posted On: Mar. 20, 2020 6:44 AM CST


Egypt’s regulators have approved the sale of 75% of Tokio Marine Egypt Family Takaful Co. for nearly 85 million Egyptian pounds ($5.4 million), Middle East Insurance Review reports citing media sources. Hermes Finance Group and GB Capital will each buy 37.5% of the takaful insurer.

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