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Egypt’s newly-established insurance firm, Golden Shield received last week a three-year licence for insurance brokerage activity, said official sources from the Financial Regulatory Authority (FRA) on Saturday.
“The new company’s issued capital amounts to around 2 million Egyptian pounds ($124,072),” the sources further told Amwal Al Ghad.
Last October, FRA granted three insurance startups; Osool Insurance Brokerage, and Alliant Insurance Services a three-year insurance brokerage licence.
Last November, the market regulator also granted Sky Insurance Brokerage the licence.
