Egypt: METLICO to increase issued capital to over US$8m

Source: Middle East Insurance Review | Feb 2026

Shareholders of Misr Emirates Life Takaful–SALAMA (METLICO) have approved increasing the company’s authorised and paid-up capital to EGP400m ($8.4m) at an extraordinary general assembly meeting.

This is a significant jump from an authorised capital of EGP100m and issued capital of EGP60m at the time of the announcement of the capital increase.

The company indicated that it would be implementing a comprehensive expansion plan, which includes introducing new insurance products, strengthening distribution channels, increasing its market share, while maintaining strong profitability rates, and working to maximise shareholder returns in a sustainable manner.

Founded in 2015, METLICO is a subsidiary of the UAE’s Islamic Arab Insurance Co (Salama). M

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