AXA Egypt Insurance

The project consists of an IFC investment for an equity stake of 10 percent in AXA Egypt Investments SAE (“AXA Egypt” or the “Company”). AXA Egypt is the holding company of two wholly owned Egyptian licensed joint stock insurance companies, specialized in, respectively, Life & Savings and Property & Casualty. It is expected the Company will also acquire a service company in due course. The Company plans to offer life, health and non-life insurance covers to individuals, SMEs and corporate clients. Through AXA Egypt, AXA intends to leverage the strength of its global presence and play a significant role in the fledgling private health sector in Egypt through health insurance and integrated health services. Life insurance products shall be provided through AXA Life Egypt, the former CIL life insurance company in Egypt acquired by AXA in 2015, while non-life insurance products will be provided through AXA General Insurance Egypt (formed in 2015)