Misr Insurance issues EGP 19.5M livestock insurance policy for Nahr Al Khair’s subsidiary

Updated 7/6/2023 9:38:00 AM
Misr Insurance issues EGP 19.5M livestock insurance policy for Nahr Al Khair’s subsidiary

Arab Finance: Al Ahly Group for Modern Agriculture, a subsidiary of Nahr Al Khair Company for Agricultural Development, Investment and Environmental Services, has signed a contract with Misr Insurance to issue livestock insurance policy worth EGP 19.5 million, as per a filing to the Egyptian Exchange on July 6th. 

The insurance coverage became effective on June 25th, 2023, and will last until June 25th, 2024. 

As per the contract, Al Ahly Group shall pay EGP 300,000 through the year via quarterly instalments, amounting to EGP 75,000 each.

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