Cairo – Mubasher: Sarwa Capital Holding for Financial Investments announced it has obtained a licence from the Financial Regulatory Authority (FRA) to begin the business of its insurance subsidiaries, namely Sarwa Insurance and Sarwa Life Insurance.
The company will start providing insurance products on liabilities through Sarwa Insurance, in addition to life and medical insurance services through Sarwa Life Insurance, the Cairo-based provider of financial solutions said in a statement.
Sarwa Capital had established the two companies in 2018 with an initial capital of EGP 100 million each.
The company’s chairman and CEO Hazem Mousa said that Sarwa Capital is expanding to introduce full-fledged services in the insurance sector through innovative, tailor-made products to meet the market demand, mainly individuals.
Mousa added that the company is keen to offer cutting-edge technologies, high-quality and state-of-the-art service for clients.
