Egyptian Takaful Non-Life Considers Launching New Branch In 6th Of October City

Egyptian Takaful Company (Non-life) currently considers launching a new branch in Sixth of October City, one of the largest industrial zones, said Ahmed Arfin, managing director of the company.

The company also studies to expand in Delta governorates especially in Mansoura, and to open a new branch in Ismailia, he added. The company will inaugurate a new branch in Sixth of October City, Mansoura or Ismailia in the current fiscal year and the other one in the next fiscal year. 

The company inaugurated a new branch in Nasr City that targets to achieve premiums of EGP 10 million in its first year.

It is worth mentioning that Egyptian Takaful Company (Non-life) achieved premiums of EGP 97.3 million in the first half of the current fiscal year, and targets to raise this value to EGP 250 million by the end of next June.