Takaful Insurance insured Global Body by EGP 1.2 billion

Egyptian Takaful Insurance Company insured Global Body pharmaceutical company by EGP 1.2 billion against fire, robbery, shipping and betrayal risks.

Ahmed Arfeen, managing director of the insurance company, said that the received installments value is EGP 70.7 million in the fiscal year of 2011/2012, compared to EGP 64 million, meaning that the growth rate is 10%. Insurance earnings surplus value is EGP 7.4 million. The total value of indemnifications rose to become EGP 39.8 million, compared to EGP 28 million in the last fiscal year.

The Insurance Company achieved EGP 7.2 million net profits in the first half of this year, compared to EGP 3.2 million in the last year. The total value of investments is EGP 209 million, compared to EGP 157 million.

Amwal Alghad