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Kuwait Insurance to start EGP 100m life insurance firm in Egypt

Kuwait Insurance to start EGP 100m life insurance firm in Egypt
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Mubasher: The board of Kuwait Insurance has approved establishing a new life insurance company in Egypt with a capital of EGP 100 million (KWD 1.9 million).

The new company will be subject to all regulatory and market authorities in Egypt and Kuwait, according to a bourse filing.

The decision currently has no direct effect on the company’s financial position, until the new company is established and begins operations.