Egyptian Takaful Non-Life To Launch New Branch In Nasr City

The Egyptian Takaful Company (Non-Life) targets to launch a new branch in Nasr City in the upcoming period to raise the number of its branches to four branches, said Ahmed Arfin, Managing Director of the Company.

The company targeted to launch three new branches in Hurghada, Mansoura and Ismailia in FY 2011/2012 due to the political turmoil that Egypt witnessed. Therefore, the launch of the three branches was delayed to the current fiscal year if the economic and political scenes become more stable.

The company’s move to a new headquarters in Mohandseen helped in reducing the administrative costs as the former headquarters cost the company more money.

It is worth mentioning that Egyptian Takaful Company (Non-Life) targets to achieve EGP 250 million premiums in FY 2012/2013.