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Egyptian Royal Insurance’s general assembly has endorsed a planned increase in its paid-in capital to 150 million Egyptian pounds ($9.3 million), a senior official said on Thursday.
During the 2018/2019 financial year, the firm raised its paid-in capital to range between 125-150 million pounds through injecting 25 million pounds generated from profits, general manger Ahmed Hassan Darwish told Amwal Al Ghad.
