Malath Insurance Partners with National Housing for Defects Coverage

MALATH INSURANCE

MALATH INSURANCE

8020.SA

0.00

On June 15, 2026, Malath Cooperative Insurance Company announced the signing of a strategic partnership agreement with National Housing Services Company on June 14, 2026. The one-year contract aims to organize and support the issuance of Contractor's Works Insurance Product for Latent Defects policies, serving real estate developers, contractors, and property owners. The agreement has no fixed financial value as expected premiums will depend on business volume and policies issued, with the company anticipating a positive financial impact starting from the third quarter of 2026.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=96096&anCat=1&cs=8020&locale=ar

Note: The original announcement does not explicitly specify a currency unit. Figures above are reproduced as-is. Please refer to the original announcement for details.

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