EFG Hermes (through its non-bank financial institution arm EFG Hermes Finance Holding) and GB Auto (through GB Capital) announced the completion of a 75% stake acquisition in Tokio Marine Egypt Family Takaful, in a deal worth EGP 84.75 million (about $5.3 million). EFG Hermes Finance and GB Capital will each hold a stake of 37.5% in the company. Tokio Marine Group, the largest general insurer in Japan, will own the remaining 25%.

Tokio Marine Egypt Family Takaful offers individual and ...