Royal Insurance-Egypt Eyes Opening 2 Branches Within 2014

Hassan Darwish – Vice Chairman & Managing Director of Royal Insurance said Royal is aiming to expand geographically within the next year, through inaugurating two fresh branches in Tenth of Ramadan and Masr el-Gedida, Heliopolis.

Darwish has informed Amwal Al Ghad that once these two branches will be inaugurated, the total number of branches will become 14.

The company is currently completing the final acts of its new branches in Port Said which will be opened by the end of the current year.

Darwish said ’Royal is intending to inaugurate the new main headquarter in Mohandessen by the next year, noting that new branches have been opened during the last period in Hurghada, Aswan and Tanta governorates.

Darwish pointed out that the market share of Royal up 6% including general insurance companies property in the Egyptian market, targeting 10% over the next 3 years.