Four new insurance companies to be established in Egypt

Three companies presented a request to the monitoring department for Egyptian insurance to approve their establishment in the field of insurance.

The companies are Fortress, with a capital of 60 million pounds; the American International Group (AIG), with a capital of 30 million pounds; and the Egyptian - Saudi house for insurance, with a capital of 35 million pounds.

They also agreed to begin the activity of the international trade company for insurance with a capital of 100 million pounds, an international Egyptian company in which the Egyptian side owns 50% of the shares.