Wethaq Takaful Egypt to launch 2 real estate funds

14/02/2015 05:19 AST

Wethaq Takaful Insurance - Egypt is set to launch two real estate funds to pump investments up to 500 million Egyptian pounds ($65.5 million) within 2016, according to a report.

The funds will include real estate investments varied between administrative and residential facilities, Antar Gad, chairman, was quoted as saying in the Amwal Alghad report.

The company will also submit an official request to the Egyptian Financial Supervisory Authority (EFSA) so as to launch the two new funds within next year, it added.


Trade Arabia

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07/02/2012

Wethaq Takaful Insurance Company advised, on Tuesday, to ensure personal and business banking accounts against data loss due to increasing attacks of internet piracy.

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Kuwait-based Wethaq Takaful outlook revised to stable

16/12/2010

Standard and Poor's Ratings Services said today it has revised the outlook on takaful player Wethaq Takaful Insurance Co. (Wethaq) to stable from negative. At the same time, we have affirmed the 'BB'

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S&P rates Kuwait's Wethaq Takaful Insurance at 'BBB-'

28/05/2009

Standard and Poor's Ratings Services said today that it placed its 'BBB-' counterparty credit and insurer financial strength ratings on Kuwait-based Wethaq Takaful Insurance Co KSC (Closed) on Credit

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