Suez Canal Insurance Company is targeting increasing its branches from 27 to 36 by the end of the next year, said Vice Chairman and Managing Director Mohamed Abdullah.
Abdullah stated exclusively to Amwal Al Ghad that his company intends to launch 9 new branches through 2015 and 2016. Those branches will spread between Faiyum, Beni Suef, Ismailia and Sharm el-Sheikh in addition to Maadi and Fifth Settlement districts. There will be also branches in Port of Adabiya, Ismailia Public Free Zone and Port of El-Sokhna.
He noted that the company would start executing the plan by the inauguration of Beni Suef branch in the first quarter of 2015 just after finishing the preparations, followed by the Fifth Settlement branch.
Suez Canal Insurance is considering placing its headquarters in Fifth Settlement.
During the last quarter of 2014, Suez has opened its Nasr city branch during reaching its network of branches to 27 distributed between Cairo, Alexandria, and some cities in the Upper Egypt region.
The managing director also pointed out that the expansion plan comes within the framework of the company’s desire to reach out for the biggest number of clients all over Egypt.