Cairo - Mubasher: Misr Insurance Holding Company aims to invest EGP 71.1 billion in fiscal year (FY) 2021/2022, with an increase of 17% from FY19/20. 

The shareholders' equity of the holding company and its subsidiaries is expected to grow by 30.4% to EGP 30.9 billion, the Chairman and Managing Director, Bassel El-Hiny, said in a statement on Tuesday. 

Moreover, the insurance premiums are projected to grow by 20.6% to EGP 17.3 billion in the current fiscal year. 

The holding company and its subsidiaries are forecast to achieve a net profit growth rate of 18.5% to EGP 4.9 billion in FY21/22, of which the state's share amounts to EGP 2.1 billion.