Arab Orient Takaful To Launch A New Branch

The Arab Orient Takaful Insurance Company plans to launch a new branch in the upcoming period, beside its branches in Heliopolis, Mohandseen, Hurghada and Alexandria, said Mohamed Abdel Gawad, managing director of the company.

The company did not decide yet where it will launch the new branch, but the company wants it to be outside Cairo as it aims at expanding in many governorates, he added.

The parent company in United Arab Emirates targets to establish new company in Turkey and Libya as it started  negotiations over such issue in Libya before the revolution. The negotiations were stopped during the revolution, but they were resumed again in the current period.