Al Sagr Insurance says SAMA approves new product

18/10/2023 Argaam

Al Sagr Insurance says SAMA approves new product

Logo of Al Sagr Cooperative Insurance Co.

Al Sagr Cooperative Insurance Co. announced on Oct. 17 receiving approval from the Saudi Central Bank (SAMA) for one of its products.

 

In a statement to Tadawul, Al Sagr Insurance said that the approved product will provide professional liability insurance coverage, catering to individuals and corporate clients. The product was approved with the identification number P-SAGR-1-B-23-044.

 

The impact of the new product’s sales will be reflected in the company's 2024 financial results, the statement added.

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