Three companies emerged from MIHC
, and are 100% owned by it: Misr Insurance (properties); Misr Life Insurance; and Misr Real Estate Assets.
As part of these plans, MIHC is preparing to accept bids to choose a real estate developer in order to develop a piece of land it owns in Gezirat Bodran on the Nile Corniche.
MIHC aims to cooperate with the Ministry of Investment to maximise MREA's investments in cooperation with internal and external real estate developers, and the company's activities will not be limited to merely getting rents and selling residential units and malls.
In that it is a place where individuals can be assisted in the goal of improved and healthier living, the MIHC concept embodies our company's mission more than any other facet of our business," said Howard Murad, M.
Murad established the original MIHC in Los Angeles as a place to apply his Science of Cellular Water[TM] philosophies to help people look and feel as young and healthy as possible.
These ratings had been placed on CreditWatch on June 18, 2004, following the announcement of the proposed merger of Lafayette Life's parent, Lafayette Life MIHC
Lafayette Life) on CreditWatch with positive implications following the announcement of the proposed merger of its parent, Lafayette Life MIHC
The rating action follows today's announcement that the boards of directors of Lafayette Life MIHC
It was designed to provide reasonable assurance to policyholders in the Closed Block that after adopting the MIHC
structure, assets would be available to maintain policy dividend scales in effect for 1997, if underlying experience continues, and to allow for appropriate adjustments if experience changes.