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Walaa Company announces the Final Approval of Insurance Authority on a Product
| Element List | Explanation |
|---|---|
| Introduction | Walaa Insurance Company announces that it has obtained the final approval from the Insurance Authority to market and sell the Marine Liability Insurance for Marine Units product with the identification number (P-WALA-1-B-26-108). This product provides insurance coverage for third party liabilities, including bodily injury and property damage arising from the operation of marine units, it also covers third-party damages resulting from collisions, harm to other marine units, as well as litigation costs and legal expenses, all in accordance with the terms and conditions of the policy. |
| Element List | Explanation |
|---|---|
| Date of Receiving the Approval | 2026-04-26 Corresponding to 1447-11-09 |
| Letter Date | 2026-04-26 Corresponding to 1447-11-09 |
| Approved Product\ Products | Marine Liability Insurance for Marine Units product with the identification number (P-WALA-1-B-26-108) |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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