Royal Insurance Plans Opening New Branch in Sharm El Sheikh

Royal Insurance Egypt is planning inaugurating its new subsidiary in Sharm El Sheikh within the upcoming month, Mohamed Reda, head of production and branches sector said.

Reda added that Royal finalized all the necessary measures for opening its branch, stressing that it is considering launching new branch in Suez governorate by the next period which will contribute in attaining the company’s strategy across republic.

Royal has recently inaugurated new subsidiary in Port Said, along with new one in Aswan as result of the increase of its business volume, Reda noted.

The company is still negotiating with two banks to promote its products through the banks’ branches under ‘Banking Insurance’, expecting that the company will finalize signing the cooperation agreement with one of the banks during a few coming months.