In its commitment to delivering innovative services to its clients in its flagship residential project “Monark,” Royal Developments has signed a cooperation protocol with GIG Egypt Life Takaful to provide comprehensive coverage services for the property unit value against maximum default risks, Invest-Gate reports.
The protocol was signed by Sherif Shaalan, Chairman of Royal Developments, and Mohamed Roshdy, Marketing Manager at GIG, in the presence of Karim Shaalan, CEO of Royal Developments, Saher Magdy, Head of the Commercial Sector, and several leaders from both companies.
During a press conference held alongside the signing, Sherif Shaalan stated that this protocol aligns with the company’s strategy and approach to addressing client needs by providing all services that enhance security and peace of mind.
Shaalan highlighted the client’s concern about the inability to meet instalments due to various unforeseen circumstances, leading to the decision to provide insurance services against maximum default risks in collaboration with GIG Egypt Life Takaful.
Moreover, Shaalan emphasized that this protocol, a first of its kind, is a new and unprecedented step in the real estate field. It is part of the company’s plan to offer highly distinguished services for the “Monark” project, aligning with its innovative and sustainable standards.
“Monark, envisioned as a future city, boasts a unique architectural design adhering to the highest engineering and architectural standards, positioning it as one of the top sustainable smart residential projects,” Shalaan added.
Also, Roshdy expressed his delight in signing this protocol with one of the leading real estate development companies in East Cairo, praising the company’s commitment to providing new and distinguished services, especially comprehensive coverage for clients’ property unit values in cases of payment inability for personal reasons.
Notably, he affirmed that this marks the beginning of further collaboration with the company on new projects and diverse services in the near future.