Misr Takaful Insurance – Life continues to strengthen its position in the Egyptian insurance market by increasing its issued and paid-up capital to EGP 400 million, in line with its commitment to the Financial Regulatory Authority’s (FRA) decision to raise the minimum capital requirements for insurance companies operating in Egypt.

This step represents the first phase of the company’s capital increase plan, which targets reaching EGP 400 million within one year, followed by a second phase to raise the capital to EGP 600 million by the end of the second year.

The capital increase, amounting to EGP 250 million, has been funded by Misr Insurance Holding Company, Misr Insurance Company, and Misr Life Insurance Company, reflecting strong institutional backing and shareholders’ confidence in the company’s future direction.

In parallel, the Financial Regulatory Authority has issued a decision appointing Mr. Ahmed El-Naggar as Acting Managing Director & CEO, leveraging his extensive professional experience in the life insurance sector to support the company’s next phase of growth and institutional development.

These milestones mark a significant step forward in enhancing the company’s capabilities and reinforcing its position as a trusted partner delivering insurance solutions built on stability and confidence.

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