Tokio Marine has acquired a 100% stake in Nile Takaful

The Japanese group Tokio Marine has acquired the totality of Egyptian Nile Takaful’s stakes.

This deal was concluded thanks to the takeover of the 60% stakes detained by Egypt Kuwait Holding Company. Tokio Marine, which held 40% in the company’s capital since its establishment in 2009, has confirmed its ambitions in the Egyptian market.

This change in the shareholding was coupled with a change in management: Satoshi Furuya has taken over Mohamed Hussein Al Dishish as general manager.