Egypt considering listing Universal Healthcare Insurance in exchange

Egypt plans on listing the assets of its Universal Healthcare Insurance System (UHIS) in the Egyptian Exchange (EGX) to diversify its investment portfolio and increase the yields of invested funds, Minister of Finance and UHIS Chairman Mohamed Maait said on Monday.

The total assets and funds owned by the Universal Healthcare Insurance Authority (UHIA) were valued at EGP 55.6 billion by the end of June, he added.

Maait noted that the revenues of the UHIS since its launch in 2019 until the end of June 2022 recorded EGP 58.5 billion.

“The UHIS performance in FY 2021/2022 indicates a positive financial position and reflects its sustainability despite the global economic challenges that are imposing severe pressures on the state budget,” Maait explained.

The minister added that the UHIS recorded an annual revenues growth of 43 percent with an increase in investment yields by 74 percent and a 37 percent rise in surplus in FY 2021/2022.

Moreover, the system’s investment portfolio posted EGP 50 billion in FY 2021/2022, according to the minister.

Maait asserted that the UHIS offers promising medical investment opportunities, noting that the private sector would extend 50 percent of the system’s medical services once the system is fully implemented.