Egypt – Kotb withdraws his federation presidency candidacy
Saturday, 08 12 2017, Category: Insurance and Reinsurance, Country: Egypt
Mr. Abdel-Raouf Kotb, Chairman of the Insurance Federation of Egypt, Managing Director of Egyptian Saudi Insurance House withdraw his candidacy to the presidency of the Federation in the elections that are expected to take place on Monday.
Moreover, Mr. Kotb revealed in statements to “Al Mal” news that the withdrawal of his candidacy was not in favor of a candidate, so he confirmed that he will hold a press conference in order to announce his decision, the reasons of his withdrawal and the achievements he made during his chairmanship of the federation during the past four years.
With the withdrawal of the candidacy of Mr. Kotb, the competition will remain between Alaa El Zoheiry, Managing Director at Arab Misr Insurance Group and Mr. Adel Moussa, manager director and chairman of “Misr Insurance”.
Source: Al Mal News