ICEC

Misr Insurance pays $741.7k compensation for Target Group

Egypt’s Misr Insurance Company says it had paid compensation worth 6.587 million Egyptian pounds ($741,779) in favour of Target Egypt Group for Security Services & Money Transfer.

Adel Moussa, Misr Insurance’s Managing Director, told Amwal Al Ghad on Wednesday that the compensation was after Target Group had witnessed a robbery with violence incident.

Misr Insurance provides insurance coverage for the company against all risks of fire, burglary, and robbery, Moussa said.

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