Al-Sharq Brokerage Entrusts EGP 33Mln Arabiata’s Policy to Misr Insurance

Al Husseini Abdel Aziz, Managing Director of Al-Sharq Brokerage Company, has revealed that Al-Sharq successively entrusted the insurance policy on Arabiata El Shabrawy to Misr Insurance (Non-Life).

Abdel Aziz, has emphasized to Amwal Al Ghad, that the Insurance Policy covers Arabiata El Shabrawy against political violence, noting that the insurance policy is for a term of one year renewable.

The total amount of the insurance policy up to EGP 33 billion, whereas the policy includes the coverage of all Arabiata El Shabrawy’s 13 branches, he added.

It is worth mentioning that Misr Insurance (Non-Life), in 2013/14 estimated budged, eyes to achieve premiums volume of EGP 4.002 billion within the fiscal year of 2013-2014.

Moreover, Al-Sharq Brokerage Company had successively banked premiums volume of EGP 150 thousand during the first quarter of 2013.