Arab Orient Takaful Eyes EGP 250 Mln Premiums In FY 2014/15

The Arab Orient Takaful Insurance Company targets to achieve premiums of EGP 250 million in FY 2014/2015, said Mohamed Abdel Gawad, managing director of the company.

The company plans to achieve premiums of EGP 160 million in FY 2012/2013 and it achieved premiums of about EGP 123 million in the last fiscal year, exceeding its targets by EGP 3 million. The company is expected to achieve premiums of EGP 150 million in 2012.

Abdel Gawad affirmed that the insurance sector will recover by the return of political stability and economic growth.