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The Arab Misr Insurance Group (AMIG) renewed insurance certificate with Safir Hotel in El-Dokky and Hilton Hotel in El-Zamalek by EGP 400 million for a year.
Waleed Sayed, deputy manager of public property sector, said that the certificate insures all risks may endanger hotels, including fire, robbery and other risks.
It is worth mentioning that AMIG increased its capital to reach EGP 100 million in past September and achieving EGP 272 million in the installments value in the last financial year 2010/2011, compared with EGP 253 million in the former year, as the increase record is 7.5%.
Amwal Alghad
