Element List Explanation
Introduction Malath Cooperative Insurance Co. Announces that it has obtained the Final Approval from the Insurance Authority to market and sell the Contractor’s works insurance product for latent defects (Mandatory), which is designed for individuals and groups.

 

 

This product offers comprehensive coverage that includes protection of construction works from latent defects, in accordance with requirement and the standards.

 

The Contractor’s works insurance product for latent defects (Mandatory) targets all types of buildings, includes residential and commercial buildings, The coverage up to ten years and is directed towards property owners, contractors and real state developers, the aim of coverage any defect in the construction works, their protective elements, or the mechanical, electrical, and plumbing installation within the construction elements, implemented according to the Saudi building code.

 

The Contractor’s works insurance product for latent defects (Mandatory) also offers several additional coverage and benefits that are subject to the policyholder choice

This product, in its current form, is offered to provide insurance coverage related to addressing latent defects in buildings, meeting modern regulatory needs and enhancing the level of protection for individuals and group clints.
Element List Explanation
Date of Receiving the Approval 2025-12-01 Corresponding to 1447-06-10
Letter Date 2025-12-01 Corresponding to 1447-06-10
Approved Product\ Products Contractor works insurance provided to individuals and group clints in the kingdom of Saudi Arabia and its approval with the identification number is mandatory

 

(P-MLTH-1-B-25-061).

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
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.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2026, Argaam Investment, All Rights Reserved
Call Request