Selling of 75% of Tokio Marine Egypt Family Takaful

The Egyptian regulatory authority (FRA) has consented to the sale of 75% of Tokio Marine Egypt Family Takaful to two separate parties.

Hermes Finance, as a subsidiary of Hermes Financial Group, and GB Capital, which is a subsidiary of GB Auto, will each acquire a 37.5% stake. The total amount of the transaction is worth 84.75 million EGP (5.38 million USD).

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