Egyptian Gulf Bank has acquired 30% in stakes from the capital of Al-Mal

Egyptian Gulf Bank has acquired 30% in stakes from the capital of Al-Mal, the life insurance subsidiary of the group Arab Misr Insurance (AMIG). Recently established, the company is endowed with a capital of 100 million EGP (18.2 million USD), 60% of which is held by AMIG's main shareholder Gulf Insurance Company based in Kuwait.