Egyptian Saudi Insurance House To Launch New Branch In Luxor By 2013

The Egyptian Saudi Insurance House (ESIH) is set to launch a new branch in Luxor in 2013, increasing the number of its branches to 6, said Abdel Raouf Kotb, managing director of the company.

Kotb revealed in an interview with Amwal Al Ghad that the company plans to expand its geographical presence in the coming period as the insurance company adopts a strategy to have presence in all governorates in Egypt. Therefore, the company studies to launch a new branch in Asssiut in the upcoming period, he added.

In other respect, Kotb added that the company awaits the Public Prosecution’s reports on the train-bus crash in Assiut to start disbursing compensations to the injured and the families of the victims.

The Egyptian Saudi Insurance House targets to increase premiums by 10.7% to reach EGP 175 million in FY 2012/2013.