Misr Insurance Insures Mo’men Restaurants With EGP 500 Mln

Misr Insurance Company signed a contract to insure Mo’men and Pizza King Restaurants for a year with an insurance value of EGP 500 million, said Al Husseini Abdel Aziz, Managing Director of Al-Sharq Insurance Brokerage Company.

The insurance policy covers Mo’men Restaurants’ chain and its subsidiary Pizza King Restaurants against risks of fire, burglary and extra risks, in addition to third-party liability insurance and insurance against breach of trust. Misr Insurance Company also insures the restaurants’ vehicles.

It is worth mentioning that Misr Insurance Company targets to achieve premiums of EGP 3.8 billion in FY 2012/2013.