Egyptian Takaful Co. Freezes Protocol with Lawyers Syndicate

Hisham Abdel Shakour, Managing Director of Egyptian Takaful Co., said there is a crisis in operating the protocol of cooperation with lawyer syndicate. He assured that the main reason of this halt is because of not committing to the certain number of clients and also the syndicate possesses interior contracts. It is expected that this crisis will be finished next December.

Abdel Shakour referred that it has settled before that the Egyptian company will manage the syndicate till December, and the actual insurance activity will start next year. He added that his company is the first insurance company deals with syndicates.