Egyptian Takaful To Insure South Cairo & Giza Flour Mills Co.

The Egyptian Takaful Company (Non-Life) won the tender offer launched by the South Cairo and Giza Flour Mills & Bakeries Company after a strong competition with nine insurance companies including Misr Insurance Company and Misr Life Insurance Company.

The Egyptian Takaful Company (Non-Life) provides insurance coverage over the company’s assets and possessions against risks of fire, robbery and accidents, said Ahmed Arfin, managing director of the company. The insurance policy does not cover the company against money transport and breach of trust as well as the company’s cars.

Arfin added that the value of the insurance coverage is about EGP 135 million in the current month.