Arab Orient Takaful to Open Fresh Subsidiary in Port Said by January

Mohamed Abdel Gawad, Managing Director of Arab Orient Takaful Insurance Company said a new branch will be inaugurated in Port Said governorate by the next month.

Abdel Gawad has informed Amwal Al Ghad in an exclusive that the numbers of branches will be 4 after inaugurating Port Said’s subsidiary.

He pointed out that Arab Orient is seeking to target EGP100 million capital, explaining that it has pumped EGP15 million capital within the last period so the total capitals up EGP65 million.

He further asserted that the company is targeting to register EGP200 million premiums during the current fiscal year of 2013/2014 according to the political turmoil, hoping to achieve high growth rate in case of improving the economic conditions.