GIG Egypt: share capital increase

GIG Egypt has proceeded to a share capital increase, bringing it to 600 million EGP (11.9 million USD). As part of the merger between GIG Egypt and AIG Egypt, this operation is in line with the new minimum capital requirements for insurance companies in Egypt.

In 2023, Gulf Insurance Group (GIG) acquired its subsidiary AIG Egypt from American International Group (AIG) for 197 million EGP (3.9 million USD).

In January 2025, the Kuwaiti group merged GIG Egypt with AIG Egypt.