Cairo – Mubasher: Mohandes Insurance plans to invest EGP 1.39 billion during fiscal year (FY) 2023/2024, according to the capital budget approved by the board members on 21 June.
The EGX-listed firm expects net profits and installments amounting to EGP 128 million and EGP 1.13 billion, respectively, in FY23/24.
Last year, the company’s board approved the estimated budget for FY22/23, which targeted net profits valued at EGP 110 million. The insurer also announced plans to inject EGP 1.06 billion in investments during the FY.
