Wethaq Takaful Insures SFD For EGP 500 Mln

Wethaq Takaful Insurance Company has signed the insurance policy covering Social Fund for Development for EGP 500 million for a year.

The policy covers SFD’s offices against fire and robbery. The insurance also covers the fleet vehicles of SFD and money transfer process. The policy also insures the Fund against betrayal.

It is worth mentioning that Wethaq Takaful Insurance Company posted net profit of EGP 5.16 million in the first nine months of the current fiscal year 2011/2012, up from EGP 3.486 million for the same period in the last year, with an increase of 44%.