RegAlert

Rule · FRA

Authority Board of Directors Decision No. (77) of 2010

capital
insurance

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.

EgyptFinancial Regulatory Authority Egypt

Authority Board of Directors Decision No. (77) The Board, by unanimous consent of those present, agreed to extend the deadline for settling the status of the following companies until 31/12/2010 as follows:

  1. AIS Insurance – Property / ING Life Insurance / Royal Insurance (to increase the issued and paid-up capital).
  2. Egypt Insurance / Al-Ahliya Insurance / Al-Muhandis Insurance (to separate the business activity).

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Source: Financial Regulatory Authority Egypt — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works

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