Misr Life Insurance is expecting a 20% share capital increase from 2.5 billion EGP (158.61 million USD) to 3 billion EGP (190.34 million USD). The operation would be finalized by the end of the current year, ending on 30 June 2022.
This initiative will enhance the company's shareholder's equity and financial solvency. It will also help it to expand.
Links:
[1] https://twitter.com/intent/tweet?url=https%3A%2F%2Fwww.atlas-mag.net%2Fen%2Farticle%2Fmisr-life-insurance-share-capital-increase&text=Misr+Life+Insurance%3A+share+capital+increase
[2] https://www.linkedin.com/shareArticle?url=https%3A%2F%2Fwww.atlas-mag.net%2Fen%2Farticle%2Fmisr-life-insurance-share-capital-increase&source=Atlas Magazine&mini=true
[3] https://www.atlas-mag.net/en/issue/atlas-magazine-n-187-january-2022
[4] https://www.atlas-mag.net/en/article/bancassurance-misr-life-insurance-to-reinforce-its-distribution-network