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Bank of Cairo seeks to cover its assets and facilities

Posted On: Aug. 1, 2019 5:52 AM CST

The Bank of Cairo is in negotiations with several nonlife insurers to cover 7 billion Egyptian pounds ($422 million) worth of assets and facilities, Middle East Insurance Review reports citing Amwal Al Ghad. The policy includes coverage of all damages related to fire and burglary as well as additional risks that may occur to the bank's assets, facilities, and headquarters, besides route and maritime transport and cash transfers," a source said.

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