The Egyptian regulatory authority (FRA) has consented to the sale of 75% of Tokio Marine Egypt Family Takaful to two separate parties.
Hermes Finance, as a subsidiary of Hermes Financial Group, and GB Capital, which is a subsidiary of GB Auto, will each acquire a 37.5% stake. The total amount of the transaction is worth 84.75 million EGP (5.38 million USD).
Read also | Ranking of insurance companies in Egypt [4]
Links:
[1] https://twitter.com/intent/tweet?url=https%3A%2F%2Fwww.atlas-mag.net%2Fen%2Farticle%2Fselling-of-75-of-tokio-marine-egypt-family-takaful&text=Selling+of+75%25+of+Tokio+Marine+Egypt+Family+Takaful
[2] https://www.linkedin.com/shareArticle?url=https%3A%2F%2Fwww.atlas-mag.net%2Fen%2Farticle%2Fselling-of-75-of-tokio-marine-egypt-family-takaful&source=Atlas Magazine&mini=true
[3] https://www.atlas-mag.net/en/issue/fanaf-the-art-of-dialogue
[4] https://www.atlas-mag.net/en/article/top-10-insurance-companies-in-egypt-ranking-per-gwp