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Malath Cooperative Insurance Company Announces the Signing of a Strategic Partnership Agreement with National Housing Services Company to Support and Facilitate the Issuance of the Contractor's Works Insurance Product for Latent Defects Policies
8020
MALATH INSURANCE
0.29
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1447/12/29 15/06/2026 09:18:39
| Element List | Explanation |
|---|---|
| Date of Announcement of the Award | 2026-06-14 Corresponding to 1447-12-28 |
| Contract Subject Matter | To organize and support the issuance process of the Contractor's Works Insurance Product for Latent Defects policies (P-MLTH-1-B-25-061) and integrate related services, serving real estate developers, contractors, and property owners. |
| The Entity with Which the Contract was Signed | National Housing Services Company |
| Date of Signing the Contract | 2026-06-14 Corresponding to 1447-12-28 |
| Contract Value | There is currently no fixed financial value for the agreement, as the expected written premiums will depend on the volume of business and insurance policies issued pursuant to the agreement. |
| Contract Details | To organize and support the issuance process of the Contractor's Works Insurance Product for Latent Defects policies (P-MLTH-1-B-25-061) and integrate related services, serving real estate developers, contractors, and property owners. |
| Contract Duration | One year starting from 14/06/2026 |
| Financial Impact and the Relevant Period | The Company expects the agreement to have a positive financial impact on its financial results starting from the third quarter of 2026. |
| Related Parties | There are no related parties to this agreement. |
| Additional Information | Date of Announcement of the Award is considered Date of Signing the Contract, as this is a direct contract and no awarding process was conducted. |
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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