Tokio Marine has acquired a 100% stake in Nile Takaful
The Japanese group Tokio Marine has acquired the totality of Egyptian Nile Takaful’s stakes.
This deal was concluded thanks to the takeover of the 60% stakes detained by Egypt Kuwait Holding Company. Tokio Marine, which held 40% in the company’s capital since its establishment in 2009, has confirmed its ambitions in the Egyptian market.
This change in the shareholding was coupled with a change in management: Satoshi Furuya has taken over Mohamed Hussein Al Dishish as general manager.
0
Your rating: None
Tue, 23/08/2016 - 14:00
The online magazine
Live coverage
04/18
04/18
04/18
04/18
04/17
Latest news