Al Etihad Insurance signs agency agreement with Tadamon Cooperative Insurance

06/07/2021 Argaam

Logo of Al Etihad Cooperative Insurance Co.

Al Etihad Cooperative Insurance Co. signed today, July 6, an agency agreement with Tadamon for Cooperative Insurance Agency Co. to sell its individual and corporate products in Saudi Arabia.

 

The sales will be as per the Saudi Central Bank instructions, the insurer said in a bourse filing.

 

The contract duration is one year, renewable.

 

The agreement is expected to have a positive impact on sales volume starting Q3 2021.

 

There were no related parties, the statement noted.

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