Malath Cooperative Insurance and Reinsurance Co. has inked coverage agreements worth about SAR 4 million with Tabuk Cement Co., the insurer said in a statement to the Saudi bourse.
Malath will provide the cement producer’s staff with health insurance at a total value of SAR 3.27 million, based on a one-year agreement that starts on Nov. 8.
The insurer will also provide Tabuk Cement with one-year general and property coverage at SAR 744,000.
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