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Islamic Finance Briefing - Categorized | Insurance (Takaful), People more

Takaful CEO speaks about investment challenges

Posted on 18 February 2013

The Egyptian Life Takaful Company garnered some EGP 60m in installments by the end of the first half of the 2012/2013 financial year. Hesham Abdel Shakour, the CEO of the company, revealed to Al-Borsa that his company is targeting EGP 120m installment dues by the end of the current year, noting that they achieved EGP 45m in installments after the first year of restructuring the company in 2011.
He said that the company achieved EGP 16m by 30 June 2011, which points to the stability of the installments growth rate above 250% annually, the same rate targeted by the end of the year………………………………………..Full Article: Source

 
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