Mohamed El-Sayyad, Vice Chairman of the Financial Regulatory Authority (FRA), has issued Decision No. 574 of 2026 amending Article (7) of the Articles of Association of Misr Life Insurance to align the company’s shareholder structure with legal requirements. The structure now includes three shareholders:

• Misr Insurance Holding Company – the majority shareholder (99.99%)
• Egypt Sub-Fund for Tourism, Real Estate Investment and Antiquities Development
• Egypt Sub-Fund for Asset Management and Restructuring (Multi-Issuance)

This amendment ensures compliance with Article 8 of Companies Law No. 159 of 1981, which requires joint-stock companies to have at least three shareholders. Previously, the company had only one shareholder, Misr Insurance Holding Company.

As part of preparations for a potential stock market listing, the Sovereign Fund of Egypt has invited investment banks and specialized financial institutions to submit technical and financial proposals to act as bookrunner and subscription coverage manager for a potential offering of up to 20% of the company’s shares, through a competitive process in line with international best practices.

The Ministry of Investment and Foreign Trade and the Sovereign Fund of Egypt also announced that the Listing Committee of the Egyptian Exchange (EGX) has approved the temporary listing of Misr Life Insurance shares in preparation for offering a minority stake. The company is required to fulfill all listing requirements and complete registration procedures with the Financial Regulatory Authority within a maximum period of six months.

To ensure shareholder stability following the offering, major shareholders holding 10% or more are required to retain 51% of their shares, with a minimum of 25% of the issued capital to be held for at least two financial years after the listing.

Misr Life Insurance currently holds approximately 22% of Egypt’s life insurance market, with shareholders’ equity reaching around EGP 42 billion as of September 2025, reflecting the company’s strong financial position and solid operational performance.

The company’s shares are scheduled to be listed on the EGX database under the “Non-Banking Financial Services” sector starting today, Tuesday, under the ticker symbol MLIC.CA.

الرقابة المالية تعتمد تعديل هيكل مساهمي مصر لتأمينات الحياة مع انضمام صندوقين جديدين | أموال الغد