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Suez Canal Company for General Insurance and Property held its general assembly to approve the results of the company during the fiscal year 2016/2017, achieving LE 800 million in premiums compared to LE 616.3 million during the previous year, a growth rate of 29.8%. He added that the company approved the financial position for the year ending 16/2017, explaining that his company paid 248.3 million pounds of compensation to its customers during 16/2017. The company supported the rights of the bondholders to reach 355.5 million pounds compared to 312 million pounds. The companys shareholders equity reached LE 178 million at the end of June 2017 compared to EGP173 million, an increase of 2.9%. He added that the companys net profit before tax rose to 45 million pounds during 16/2017 compared to 37 million pounds during the corresponding period of the previous year with growth rate of 21.6%. The surplus of insurance activity increased by 4.9% to 40.6 million pounds compared to 38.7 million At the end of June 2016, pointing to the increase in fixed assets of the company to reach 39 million pounds compared to 32.5 million pounds at a growth rate of 20%. In a related context, he pointed out that the companys investments amounted to 704.7 million pounds by the end of June 2017. The companys revenues during 16/2017 were about 68.4 million pounds, referring to the adoption of the general assembly report of the board of directors and approving the report of the auditor and the report of the Central Auditing Organization The Board of Directors of the Company and the renewal of the appointment of the Board for a period of 3 years.He pointed out that the companys capital increased to 130 million pounds, in line with the companys expansion plan in line with market requirements.

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