Misr Insurance Holding to set up new entities

Misr Insurance Holding (MIH) plans to set up four new subsidiaries operating in financial leasing, factoring, microfinance and medical insurance. The Egyptian group, which is longing to diversify its activities, intends to start these entities gradually. Priority will be given to leasing and health insurance companies.

According to the Board Chairman Basel El-Hini, MIH could quickly entrust an international reinsurer to conduct a feasibility study for the creation of a health insurance company. Studies on the leasing entity would already have begun.

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