Egyptian Takaful Insurance to cover oil firm Dapetco’s assets
Wednesday, 08 14 2019, Category: Islamic Insurance, Country: Egypt
Egyptian Takaful Insurance Co. (Property) has won an insurance policy tender to cover South Dabaa Petroleum’s (Dapetco) assets and facilities, said official sources on Wednesday.
The one-year term policy will see the coverage of Dapetco’s assets and facilities against all risks, with a total sum insured up to 175 million Egyptian pounds or around 2.9 billion pounds, the sources told Amwal Al Ghad.
“A number of public and non-life insurance companies operating in the Egyptian market, notably Misr Insurance and Orient Takaful Insurance, were competing to win the policy,” the sources said.
Source: Amwal Al Ghad