Malath Insurance doubles stake in vehicle cover

30/09/2014 Argaam

Malath Cooperative Insurance and Reinsurance doubled its stake in the fleet insurance cover agreement signed with a subsidiary of Abdul Latif Jameel Company as of October 1, 2014, a filing to Tadawul said.

 

In November 2012, Malath signed a deal with Abdul Latif Al-Jamil United Leasing Company to jointly cover the company’s fleet, in partnership with Axa Insurance and United Cooperative Insurance Company (UCA).

 

The three-year agreement took effect on January 1, 2013.

 

Malath said increasing its receivable annual installments to around SAR 450 million will have a positive impact as of the fourth quarter of 2014.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
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.