Arab Orient Takaful May Attain EGP240mn Premiums by 2014-End

The total expected premiums of Arab Orient Takaful Insurance company  by the end of the current year2013/2014 are EGP240 million, said Mr. Mohamed Abdel Gawad, Managing Director.

Arab Orient attained EGP197 million insurance premiums within the first 9 months of 2013/2014, against EGP152 million during the previous year, move up by 29.6% growth rate, Abdel Gawad added.

Speaking to Amwal Al Ghad, Abdel Gawad explained that the company postponed marketing its products through branches and according to banking insurance service and this marketing field has given the company extra cost in the light of the ongoing economic circumstances.