GoodLife Insurance-Egypt to Expand in Canal Cities Soon

Good Life Insurance Brokerage Company is considering expanding geographically in canal cities via inaugurating new subsidiary in one of Suez, Ismalia and Port Said governorates, Sherif Abbas, Chairman and CEO revealed.

Abbas quoted Amwal Al Ghad in an exclusive that Goodlife’s selection for these governorates came as result of the government’s and investors desire to be directed in these areas due to its alluring for fresh investments.

This governmental direction will contribute in creating major acts for insurance companies in order to achieve the cooperation between the companies and investors, Abbas explained.

Goodlife has recently pumped EGP1million paid up capital to reach up EGP2billion so as to comply with the company’s activity and its geographical expansions.