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International

Three insurers vie for Egypt-based Amoun Pharmaceutical's $587.2 million cover

December 15, 2014 Reprints

Three insurers are trying to win an insurance contract worth 4.2 billion Egyptian pounds ($587.2 million) to cover Egypt-based Amoun Pharmaceutical Co. S.A.E.'s factories, affiliated facilities and fleet of cars, reported Amwal Al Ghad.

The insurers competing are Misr Insurance Co., Arab Orient Takaful Insurance Co. and American International Group Inc. Of the total amount, EGP 2 billion ($279.6 million) has been allotted to provide cover for Amoun's factories and affiliated facilities against fire, burglary, and other risks.

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Three insurers vie for Egypt-based Amoun Pharmaceutical's $587.2 million cover

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