Company has received a stipulated approval as a Third Party Administrator by Saudi Arabian General Investment Authority
GapCorp KSA, a subsidiary of GapCorp - A leading and one of the largest international Automotive extended warranty Third Party Administrator - today announced that it has received the registration from the Ministry of Industry and Trade in Saudi Arabia and the Saudi Chamber of Commerce & Industry to operate in the Kingdom and offer its world-class expertise in the country. (final SAMA license pending).
The company also announced that it has been authorized as a Third Party Administrator by the Saudi Arabian General Investment Authority [SAGIA]. The registration is a major step in the company's growth and expansion plans in the region, aimed at building on its international reputation and expertise in extended warranty, especially in the automobile sector.
GapCorp KSA is the first company to receive such License in Saudi Arabia as a Third Party Administrator for extended warranty products.
In his comments on the prestigious event, Mr. Nasser Watar, Chairman at GapCorp, said: "The certification from Ministry and Saudi Chamber of Commerce exemplifies our capabilities as a world-class organization and reinforces our ability to deliver to the market demands within the Kingdom. It is a testimony to our world-class quality delivery standards, our operational efficiency in offering claims handling for extended warranty to the sector and our adherence to the rigorous legal requirements associated with the same."
He added: "To be the first company in the Kingdom to receive such a license as Third Party Administrator is in itself a great responsibility bestowed on us. We remain committed to fully abide by the requirements and to deliver largest standards of claims handleing"
GapCorp, a global leader in extended warranty products, provides a basket of products and services in each of the GCC markets, Europe, South East Asia and the Americas.
The company offers the F&I platform scheme - a mechanism that provides auto dealers with a platform to manage the needs of their customers by creating a one-stop-shop for the consumer at the time of purchasing a vehicle.
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About GapCorp:
GapCorp is a leading sales, marketing and third party administrator operating in the GCC, Middle East, North Africa, Asia, Europe and the USA. GapCorp is recognized for servicing well known Automotive Dealerships in and around the region with its extended warranty schemes and innovative expertise. The company also sells and develops a complete range of extended warranty programs and insurance services for the millennium customer.
© Press Release 2010
