ArabFinance: About 20% to 25% of Misr Life Insurance Companys shares are being considered for floating on the Egyptian Exchange (EGX), Masrway cited public business sector minister Hisham Tawfik.
The offering process would be concluded by the end of 2021, Tawfik noted.
He confirmed that Misr Life Insurance is the only firm currently being suggested for trading on the EGX under the program of listing shares of state-owned companies.
Last December, AM Best affirmed the companys financial strength rating of B++ and the long-term issuer credit rating of bbb, with a stable outlook.
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