Misr Insurance Insures Armanious Group With EGP 1 Bln

Misr Insurance Company signed a contract to insure Armanious Group – Pharmaceuticals & Cosmetics Manufacturer, subsidiary of EVA Pharma, with insurance value of EGP one billion, said Al Husseini Abdel Aziz, Managing Director of Al-Sharq Insurance Brokerage Company.

The insurance policy covers the company against risks of fire, burglary and additional risks, in addition to insuring the company’s car fleet which is comprised of 1900 cars.

The policy also insures transporting the Group’s products as well as a marine insurance coverage over the company’s import and export transactions.

The policy covers the Group’s main factory in Mansouria, a factory in Sixth of October City, Akhnaton Trading & Representation, Akhnaton for Construction & Real Estate Development and Nefertiti Laboratories.