Logo of Arabian Shield Cooperative Insurance Co.

Arabian Shield Cooperative Insurance Co. signed an agreement to participate in an insurance pool with some companies, under the management of the Company for Cooperative Insurance (Tawuniya), to cover the compulsory travel insurance product for citizens traveling out of Saudi Arabia including coverage for COVID-19 infection risks.

 

The company said in a bourse statement that it obtained on May 10, 2021, the approval of Saudi Central Bank (SAMA) on the agreement.

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