{"id":596986,"date":"2019-07-14T04:15:39","date_gmt":"2019-07-14T04:15:39","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/14\/attijariwafa-bank-looking-to-set-up-egp-150-mn-insurance-arm-in-egypt\/"},"modified":"2019-07-14T04:15:39","modified_gmt":"2019-07-14T04:15:39","slug":"attijariwafa-bank-looking-to-set-up-egp-150-mn-insurance-arm-in-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/14\/attijariwafa-bank-looking-to-set-up-egp-150-mn-insurance-arm-in-egypt\/","title":{"rendered":"Attijariwafa Bank looking to set up EGP 150 mn insurance arm in Egypt"},"content":{"rendered":"<p>Attijariwafa Bank has submitted a license request to the Financial Regulatory Authority (FRA) to set up an insurance company in Egypt with EGP 150 mn in capital, <a href=\"https:\/\/www.alborsaanews.com\/2019\/07\/13\/1224428\">according to the local press<\/a>. The bank has tapped Bahaa-Eldin Law Office to handle the legal proceedings.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Attijariwafa Bank has submitted a license request to the Financial Regulatory Authority (FRA) to set up an insurance company in Egypt with EGP 150 mn in capital, according to the local press. The bank has tapped Bahaa-Eldin Law Office to handle the legal proceedings.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9315],"tags":[3726,72,181,2390],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-596986","post","type-post","status-publish","format-standard","hentry","category-other-business-news-of-note","tag-attijariwafa-bank","tag-enterpriseam","tag-insurance","tag-other-business-news-of-note","wpautop","entry"],"acf":{"mongo_id":"303db80a-30f7-4a13-b149-8bab4157e999","is_powered_by":true,"section_story_id":"c35abb1d-8d32-4b40-a8d6-3c1d4e0be800","story_type":"1","photo_url":"","photo_position":"above","related_issue":[596948],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Attijariwafa Bank looking to set up EGP 150 mn insurance arm in Egypt - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/07\/14\/attijariwafa-bank-looking-to-set-up-egp-150-mn-insurance-arm-in-egypt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Attijariwafa Bank looking to set up EGP 150 mn insurance arm in Egypt\" \/>\n<meta property=\"og:description\" content=\"Attijariwafa Bank has submitted a license request to the Financial Regulatory Authority (FRA) to set up an insurance company in Egypt with EGP 150 mn in capital, according to the local press. 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The company is the first to submit a license request since the authority finalized on 13 October\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":562204,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/05\/11\/sme-fund-lands-egp-280-mn-in-commitments-from-local-banks\/","url_meta":{"origin":596986,"position":2},"title":"SME fund lands EGP 280 mn in commitments from local banks","author":"enterpriseam admin","date":"11 May 2021","format":false,"excerpt":"Catalyst Partners has secured EGP 280 mn in commitments from local banks for an EGP 500 mn SME investment fund it is setting up with the UNDP, thelocal press reports, citing unnamed sources. Misr Ins. Holding, Banque du Caire, Suez Canal Bank and Attijariwafa Bank are all on board with\u2026","rel":"","context":"In &quot;Investment Watch&quot;","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/5\/107.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":572674,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/07\/05\/palm-hills-seeks-egp-400-mn-following-debt-restructuring-to-develop-the-crown\/","url_meta":{"origin":596986,"position":3},"title":"Palm Hills seeks EGP 400 mn following debt restructuring to develop The Crown","author":"enterpriseam admin","date":"5 July 2020","format":false,"excerpt":"Palm Hills Developments is reportedly in talks with seven banks to restructure its EGP 1.24 bn debt and borrow an additional EGP 400 mn to expand its Crown development in Sixth of October, Al Shorouk reports, citing unnamed sources. The banks are said to include Attijariwafa Bank Egypt, Emirates NBD,\u2026","rel":"","context":"In &quot;Banking + Finance&quot;","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":647141,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/03\/attijariwafa-completes-acquisition-of-barclays-egypt\/","url_meta":{"origin":596986,"position":4},"title":"Attijariwafa completes acquisition of Barclays Egypt","author":"enterpriseam admin","date":"3 May 2017","format":false,"excerpt":"M&A WATCH- Morocco\u2019s Attijariwafa Bank completed its acquisition of 100% of Barclays Bank Egypt yesterday for c. USD 495 mn, according to an EGX release (tap here for the pdf). The nearly EGP 9 bn transaction took place over the counter following approval from the central bank, Al Masry Al\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":647306,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/08\/attijariwafa-looking-to-set-its-five-year-strategy-in-egypt-considers-providing-insurance\/","url_meta":{"origin":596986,"position":5},"title":"Attijariwafa looking to set its five-year strategy in Egypt, considers providing insurance","author":"enterpriseam admin","date":"8 May 2017","format":false,"excerpt":"Morocco\u2019s Attijariwafa Bank won\u2019t IPO its Egyptian subsidiary, eyes 5% market share within five years: Announcing the close of the lender\u2019s acquisition of Barclays Bank Egypt, Attijariwafa CEO Mohamed El Kettani said he has ruled out listing Attijari Bank Egypt\u2019s shares on the EGX. 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