On April 26, 2026, Walaa Insurance Company announced it received final approval from the Insurance Authority to market and sell its Marine Liability Insurance for Marine Units product (identification number P-WALA-1-B-26-108). The product provides insurance coverage for third-party liabilities including bodily injury and property damage from marine unit operations, collision damages to other marine units, and associated litigation costs. The approval was received on April 26, 2026, enabling the company to expand its marine insurance offerings in accordance with policy terms and conditions.

Original announcement:

Important Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.