Walaa Cooperative Insurance Company has received approval from the Saudi Arabian Monetary Agency (SAMA) to open 47 points of sale (POS) across the Kingdom, it said in a statement to Tadawul on Wednesday.

 

The opening of these branches will lead to increased sales and help in providing insurance services to its customers throughout the Kingdom.

 

The positive impact of the new POS will reflect on the insurer's financial performance from Q3, the statement added.

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