Malath sells SAR 275 million insurance cover

05/11/2014 Argaam

Malath Cooperative Insurance and Reinsurance inked insurance deal yesterday with Abdullatif Al-Eisa Holding Group, covering property, vehicles, engineering and marine asses of the group and its entities.

 

The group will pay the insurer around SAR 275 million a year, and the deal takes effect as of today till November 4, 2015.

 

The company expected a positive impact as of the fourth quarter, saying no third parties were involved. 

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