Malath sells SAR 275 million insurance cover

05/11/2014 Argaam

Malath Cooperative Insurance and Reinsurance inked insurance deal yesterday with Abdullatif Al-Eisa Holding Group, covering property, vehicles, engineering and marine asses of the group and its entities.

 

The group will pay the insurer around SAR 275 million a year, and the deal takes effect as of today till November 4, 2015.

 

The company expected a positive impact as of the fourth quarter, saying no third parties were involved. 

Comments {{getCommentCount()}}

Be the first to comment

loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.