Suez Canal Authority renews marine insurance contract

The Suez Canal Insurance Company (SCI) said that it had renewed its insurance contracts with the Suez Canal Authority and construction company Arab Contractors with total premium of EGP5bn ($279m).

The documents cover the units owned by the Suez Canal Authority and Arab Contractors against risks associated with marine activity, according to SCI’s Director General of Marine Insurance, Ayman Nassif. (Arabic)