Misr Insurance Insures Farm Frites With EGP 450 Mln

Misr Insurance Company has signed a contract to insure the International Company for Agricultural Development (Farm Frites Egypt) for a year, sources said.

Sources revealed to Amwal Al Ghad that the insurance value of the insurance policy is EGP 450 million. The insurance policy covers the company against risks of fire, burglary, money transfer and breach of trust.

It is worth mentioning that Misr Insurance Company achieved premiums of EGP 1.6 billion in the first half of FY 2012/2013.