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Egypt’s Arab Orient Takaful Insurance company has won an insurance policy for one of the biggest foreign banks working in the Egyptian market, CEO Mohamed Moustafa Abdel Rasoul said.
Speaking to Amwal Al Ghad on Wednesday, Abdel Rasoul said the insurance policy would be with total premiums worth 4 million Egyptian pounds.
As pursuant to the insurance policy, Arab Orient will provide insurance coverage to the bank against all risks of fire, burglary, and other dangers related to the bank’s affiliated premise, he elaborated.
Elsewhere, the official referred that Arab Orient is studying to activate the bancassurance mechanisms within the coming phase.
