Egyptian Takaful Insurance wins GAFI’s EGP550 million Policy Insurance

The Egyptian Takaful Insurance Company (Non-life) was awarded an insurance policy worth 550 million Egyptian pounds (US$72.1 million) for the country’s investment authority.

Ahmed Morsy – Deputy Managing Director of the Egyptian Takaful Insurance – announced on Wednesday that his company won the insurance policy for the General Authority for Investment and Free Zones (GAFI).

Speaking to Amwal Al Ghad, Morsy said the insurance policy is with total sum insured of 550 million pounds, to provide coverage for the GAFI’s premises and assets against all risks of fire, burglary, and others.