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Egyptian Takaful to cover oil firm's assets, facilities

Posted On: Aug. 9, 2019 5:26 AM CST

Egyptian Takaful Insurance Co. (Property) has won a $175-million insurance policy tender to cover South Dabaa Petroleum Co.'s assets and facilities, Amwal Al Ghad reported citing sources. The one-year term policy will cover damage related to fire, explosion and burglary as well as catastrophe risks related to earthquakes, storms and floods, the sources said.

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