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International

Egyptian insurer secures Nestle's $150 million tender

February 06, 2017 Reprints

Mohamed Moustafa Abdel Rasoul, chief executive of Egypt-based Arab Orient Takaful Insurance Co., said that the insurer has secured a tender to provide insurance cover for Nestle Egypt S.A.E.'s ice cream factory, Amwal Al Ghad reported.

The $150 million policy covers civil liability, cash transfer and damages caused by fire and burglary, said Mr. Abdel Rasoul.

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Egyptian insurer secures Nestle's $150 million tender

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