Malath inks deal with Ministry of Housing for construction warranty insurance services

30/06/2020 Argaam

 

Malath Cooperative Insurance Co. signed an agreement with the Ministry of Housing to develop, implement, and provide a construction warranty insurance (CWI) product under the Saudi Sustainable Building program.

 

The company will also provide technical inspection services and IT-based administrative services, the insurer said in a bourse statement.

 

Malath added that it cannot currently assess the financial impact, as it depends on demand, noting that it expects a positive financial impact on revenue growth.

 

Commenting on the agreement, Fawaz Al Hijji, Managing Director and CEO of Malath, said it will reflect positively on the company’s growth going forward.

 

No related parties are included in the deal, the statement added.

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.

Most Read