The Clap
Misr Insurance Holding has signed an agreement with the Sovereign Fund of Egypt (SFE) to promote investment in its life insurance arm “Misr Life Insurance”.
What
Misr Life Insurance had already made strides to IPO but has been waiting for market conditions to improve.
So what
The company’s Chairman said that skipping the public offering & going with a full private offering is an option, meaning only high net-worth investors & funds can buy into the IPO.
Now what
Misr Insurance Holding is looking to partner with relevant investment bodies, with the SFE being an important step.