Royal Insurance Launches 2 New Branches In Cairo Soon

Royal Insurance Company plans to expand geographically through launching two new branches in Cairo in the next period, raising its number of branches to 14.

One branch will be launched in Sixth of October City and the second one will be in Nasr City or El-Tagamu El-Khames (fifth settlement), said Mohamed Reda, head of production and branches sector at the company.

The company’s new branch in Port Said will be launched in the coming few days to expand the company’s geographical existence in Suez cities, he added.

The company has recently expanded geographically in Upper Egypt through launching a new branch in Aswan.

It is worth mentioning that the company targets to achieve premiums worth EGP 250 million by the end of FY 2012/2013.