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The leading insurer in MENA region, Misr Insurance Company has won a policy bid to insure the assets, factories, and premises of one of Alexandria-based textile firms.
According to Essam Mansour – Misr Insurance’s representative in Alexandria, the policy is a one-year renewable term and with total sum insured of up to one billion Egyptian pounds (US$127.7 million).
Mansour further told Amwal Al Ghad that the policy involves an insurance coverage of all dangers arising out of fire, burglary, and machine breakdowns.
