Regulatory Alerts2010-01-01
Authority Board of Directors Decision No. (77) of 2010
The Authority's Board of Directors extended the regulatory compliance deadline for six specified insurance companies until December 31, 2010. This extension permits AIS Insurance, ING Life Insurance, and Royal Insurance to increase their issued and paid-up capital, while granting Egypt Insurance, Al-Ahliya Insurance, and Al-Muhandis Insurance additional time to separate their business activities. The unanimous board resolution formalizes these temporary adjustments to ensure orderly regulatory settlement.
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