Egyptian insurer secures Nestle's $150 million tender

Posted On: Feb. 6, 2017 6:42 AM CST

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.