Saudi Arabia - Malath, ANB extend insurance deal
Thursday, 06 13 2019, Category: Insurance and Reinsurance, Country: Saudi Arabia
Saudi Malath Cooperative Insurance Company and the Arab National Bank (ANB) extended an agreement between them for auto insurance coverage.
Effective June 1st, the agreement between the two Saudi sides will be in running for a one-year period.
Clients of the insurer, as per the contract, will be offered with insurance coverage for cars on sale via ANB's leasing financial programme.
Yearly premiums, the firm further affirmed in a statement, is forecast to log over 5 percent of revenues.
Source: MENA FN