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Tharwa Insurance, the largest insurance company in the Egyptian market and the insurance arm of Contact Financial Holding, has obtained approval from the Financial Regulatory Authority (FRA) to issue and activate Real Estate Title Insurance policies.

With this approval, Tharwa becomes the first insurance company in Egypt to receive final regulatory authorization to issue this specialized policy in accordance with the FRA’s approved model, underscoring the company’s strong technical capabilities and its leading role in developing innovative insurance solutions tailored to the local market.

Title insurance is considered a strategic risk-mitigation tool for real estate investment, particularly for foreign investors, as it enhances confidence in asset ownership and improves the bankability of large-scale projects.

The approval comes at a time aligned with the Egyptian government’s push to attract foreign direct investment (FDI) and expand national megaprojects, most notably Ras El Hekma and Alamein–Ras El Roum developments.

In this context, secure property ownership represents a critical determinant in investor and international lender decision-making, supporting the competitiveness of Egypt’s real estate sector and its ability to attract long-term capital.

Commenting on the approval, John Saad, CEO of Contact Financial Holding, stated:
“Insurance is the fundamental pillar and true safeguard of sustainable real estate investment. Through Tharwa Insurance, Contact’s insurance arm, we aim to protect and strengthen investment opportunities, enhancing market efficiency and Egypt’s capacity to absorb significant global capital inflows.”

He added:
“What we are offering today goes beyond traditional insurance solutions. We are laying the foundation for a new phase of financial maturity, where insurance acts as a strategic enabler, granting investors and international institutions absolute confidence in the integrity and viability of their assets—reinforcing Egypt’s position as a prime destination for multi-billion-dollar strategic investments.”

Under the Title Insurance policy, Tharwa Insurance commits to compensating policyholders for direct financial losses arising from pre-existing legal defects in property titles unknown at the time of contracting. Coverage includes registration errors, final court rulings establishing third-party rights, invalid ownership transfers, and undisclosed real rights registered prior to policy issuance.

The policy also covers, within insured limits, legal expenses and attorney fees related to covered risks, further strengthening Tharwa’s role as a specialized insurer in managing real estate investment risks.