Misr Insurance to seek investment bank to lead restructuring of its portfolio

Misr Insurance Holding told to seek professional help with portfolio restructuring: Public Enterprises Minister Khaled Badawy wants Misr Insurance Holding to seek some professional help, ordering it to seek an investment bank or asset manager to help it restructure its investment portfolio. Badawy also reportedly urged the company to expand the scope of its investments to companies outside Egypt at a meeting with its newly constituted board of directors. The meeting comes as Misr Insurance prepares to list shares on the EGX as part of the state privatization program.