Misr Life Insurance
The minister said the offerings are part of a broader pipeline aimed at deepening Egypt’s capital markets and attracting foreign investment.
The increase will be funded by the entry of new investors, including CIB, Al Baraka Bank Egypt, Misr Insurance, and Misr Life Insurance, alongside existing shareholders such as the Egypt Sub-Fund for Healthcare and Pharmaceutical Services, part of the Sovereign Fund of Egypt, and a private investor.
The extraordinary general meeting of Misr Life Insurance approved raising the capital by 200 percent, according to the Official Gazette on Monday.
Misr Life Insurance will provide insurance services to 500,000 customers at the National Bank of Egypt (NBE)
