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Egypt’s Misr Insurance Company has won a policy bid to insure a fertilisers plant owned by Evergrow, an Egyptian major manufacturer for many kinds of specialty fertilizers.
The plant is located in Abu Rawash, 8 kilometres (to 4.9 miles) the North of Giza, Hossam El-Hefnawy, Head of Insurance Division at Misr Insurance, told Amwal Al Ghad on Sunday.
The insurance policy is with total sum insured exceeding 700 million Egyptian pounds ($78.8 million), El-Hefnawy said.
It is a one-year renewable term, and it involves an insurance coverage of all risks arising out of fire, burglary, earthquakes, floods, explosions, and accidents, he added.
