Egyptian Saudi Insurance House reports EGP90 million Premiums in 6 Months

Egyptian Saudi Insurance House posted 90 million Egyptian pounds (US$11.8 million) worth of premiums during first half of current fiscal year 2014-2015, managing director Abdel Raouf Kotb announced Thursday.

Speaking to Amwal Al Ghad, Kotb stated that ESIH targets premiums at value of 200 million pound by end of next June.

ESIH is seeking to reach annual growth rates ranging between 10-15%, the official noted.

Egyptian Saudi Insurance House is a non-life insurance company. The company was founded in 2002 and is based in Cairo. As of January 17, 2008, Egyptian Saudi Insurance House is a subsidiary of UAE Islamic Arab Insurance.