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Tharwa Capital awaits initial approval to establish …

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ثروة كابيتال تترقب الموافقة المبدئية لتأسي…

Tharwa Capital awaits the initial approval for establishing two insurance companies in Cairo Cairo directly: Local reports stated that Tharwa Capital Group for Financial Investments applied to the General Authority for Financial Supervision to establish two insurance companies, one in the property activity and the other in life insurance. Tharwa Capital is present in the insurance sector through the Contact Brokerage Company, which is owned by Contact Auto, one of Tharwa’s arms. 34 insurance companies are currently operating in the Egyptian market in addition to the Egyptian Cooperative Insurance Association cis. And the money was quoted in its Sunday edition, from unnamed sources, that the two new companies will carry the same name as Tharwa, and it is expected to obtain preliminary approval in the coming days. A prominent official said that the ownership structure of the two companies, Tharwa for Life and Property, includes, along with Tharwa Investments, the United Commercial Insurance Company of Lebanon, pointing out that they acquire the majority share in the capital, pointing to the contribution of some individual investors in very small proportions. Tharwa Capital is considered as a holding company followed by Connect to install cars, and a number of new entities will be listed under its umbrella in related fields, including portfolio management and financial consulting, with a capital of 180 million pounds, and the ownership structure is distributed at 50% for the funds of the Gulf Fund Company and 30% for the management team Hazem Amr Moussa Amr Lamaa and Hussam Abujandia and 20% of a group of individual investors. The step taken by Tharwa Capital to establish two companies in property insurance activities and the third life of its kind in the sector during the recent period, preceded by two investment groups to break into insurance activity through the direct brokerage portal, the Kuwaiti Kharafi who founded the IMAC Insurance Brokerage and Orascom Holding Hotels and Development, which established OIB and both aim to manage the portfolio Group operations and competition for other projects. Source: Mubasher, to inquire about# Investingat# Egyptian Stock ExchangeArabia Online Services and Services Contact us every day of the week and all the time: From inside Egypt phone: 01028433301 phone: 01062659261 from outside Egypt phone: 201028433301 phone: 201062659261 whatsapp: 201028433301