Wethaq Takaful Insurance Company signed the insurance policy covering Harvest Foods factories with an insurance value of EGP 140 million.
The insurance policy covers the factories against risks resulting from fire, land transport, breach of trust, and money transfer. The policy insures 70 units of the factory against fire. In addition, the policy also insures the company’s fleet cars.
Wethaq Takaful Insurance Company achieved EGP 91.5 million in premiums, while compensations reached EGP 54 million in FY 2010/2011.
It is worth mentioning that Harvest Foods Co. is a joint-stock company established in 1998 with EGP 50 million investments and has four factories in different regions.