Financial

EikonEikon MessengerMENA Company DataIslamic FinanceMENA Projects AppKnowledge DirectLipperFXTDatastreamElektron

Risk

Enhanced Due DiligenceWorld-CheckAutoAuditConnected Risk
You are on:
  • MENA - ENGLISH
  • UAE - ENGLISH
  • KSA - ENGLISH
  • الشرْقُ الأوسَط
  • السعودية
  • الإمارات
ZAWYA

Economic News

Global EconomyGCC EconomyLevant EconomyNorth African EconomyMore

Regional News

Indian Sub-ContinentEurope, UK & USAsia Pacific

Other News

Press ReleasesTop NewsLatest NewsMultimedia

Financial & Risk

Financial ServicesIslamic FinanceEquities NewsCurrencies NewsCommodities News

Sectors

Real EstateConstructionEnergyTechnologyMore

Legal

Government PolicyCorporate LawPersonal LawMore
Opinions Home

Insights

Economic InsightsMarkets InsightsBusiness InsightsLegal Insights
Wealth HomeInvestment GuidesWealth ManagementFundsAlternative Investments
Markets HomeMarket AnalysisMorning BriefingsEquitiesCurrenciesCommoditiesStock ScreenerFundsFunds Screener

Eikon

Quickly uncover hidden opportunities with comprehensive data and content.

MENA Company Data

Access the most comprehensive database of companies and officers in the Middle East and North Africa, covering all major sectors and industries, from Refinitiv.

Companies HomeBig Ideas for Small BusinessesNew CompaniesUpdated CompaniesFind Companies

MENA Projects App

Screen, analyze and compare projects in the Middle East and North Africa across Infrastructure, Real Estate, Industrial and Energy sectors with Refinitiv’s Eikon.

Projects HomeBelt & Road Initiative CoverageNew ProjectsUpdated ProjectsFind Projects
You are on:
  • MENA - ENGLISH
  • UAE - ENGLISH
  • KSA - ENGLISH
  • الشرْقُ الأوسَط
  • السعودية
  • الإمارات
  1. Home
  2. Business
  3. Financial Services
  4. Article
financial services|13 November, 2018

Tawuniya insures Saudi Arabian Airlines fleet

Tawuniya will provide insurance coverage for aircraft against aviation accidents and public liability due to third parties’ injuries, death, and property damage as well as covering war risk

  
Saudi Arabian Airlines, Saudia. Image used for illustrative purpose.

Saudi Arabian Airlines, Saudia. Image used for illustrative purpose.

SITA/Handout via Thomson Reuters Zawya
By Staff Writer, Saudi Gazette

RIYADH - The Company for Cooperative Insurance (Tawuniya) has entered into a contract with Saudi Arabian Airlines (SAUDIA) to provide insurance coverage for its aircraft fleet and its affiliated airlines.

According to the contract, Tawuniya will provide insurance coverage for the Saudia Airlines aircraft against aviation accidents and public liability due to third parties’ injuries, death, and property damage as well as covering war risk.

Furthermore, Tawuniya had successfully signed a contract with Flynas to provide insurance coverage for its aircraft. The company also provides property insurance to local and international airports of the General Authority of the Civil Aviation (GACA). By these contracts, Tawuniya acquired insurance contracts of the commercial airlines and civil aviation in Saudi Arabia.

On this occasion, Tawuniya’s Senior Vice President for Sales and Marketing Adel Al-Hamoudi expressed his pleasure in Saudia confidence, which emphasized a distinguished partnership between both companies. This partnership led to the signing of the largest aviation insurance contract in the Kingdom and will enhance the growth of Tawuniya’s aviation insurance portfolio.

Al-Hamoudi noted that this insurance contract provides full protection for all of Saudia aircraft, in partnership with major global reinsurers who will provide an integrated reinsurance program for this type of risk.

Al-Hamoudi also praised the wide scope of cooperation with Saudia that includes one of the largest medical insurance contracts to provide health care to Saudia employees and their family members. — SG

© Copyright 2018 The Saudi Gazette. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.
Related Topics:
financial servicesinsuranceairlinegccaviationsaudi arabiatravel

More From Financial Services

Saudi Arabia's Monshaat launches SME Bank

Saudi Arabia's Monshaat launches SME Bank

Al Salam Bank Bahrain waives financing fees for vaccinated customers

Al Salam Bank Bahrain waives financing fees for vaccinated customers

UAE phone bill payment delays to affect residents' credit score

UAE phone bill payment delays to affect residents' credit score

Saudi's Fitaihi Holding Group sells stake in Al-Jouf for $53.5mln

Saudi's Fitaihi Holding Group sells stake in Al-Jouf for $53.5mln

Saudi banks’ investments in government bonds jump 15.45% in January

Saudi banks’ investments in government bonds jump 15.45% in January

Lebanon's BDL studying banks' files as February 28 deadline expires

Lebanon's BDL studying banks' files as February 28 deadline expires

Zawya Coverage

oil and gas

ADNOC, Korea's GS Energy to explore opportunities to grow Abu Dhabi's hydrogen economy

ADNOC, Korea's GS Energy to explore opportunities to grow Abu Dhabi's hydrogen economy
petrochemicals

Saudi Sipchem plans early redemption of $267mln of sukuk in April

Saudi Sipchem plans early redemption of $267mln of sukuk in April
islamic finance

UAE lender ADIB recommends dividend of 46.6% for 2020

UAE lender ADIB recommends dividend of 46.6% for 2020
real estate

More than 1,000 apartments, villas sold in Dubai in one week

More than 1,000 apartments, villas sold in Dubai in one week
islamic finance

Long-standing ADIB board member quits post

Long-standing ADIB board member quits post
More

Reuters Coverage

security

Myanmar forces fire tear gas, stun grenades on protest as UN envoy calls for action

Myanmar forces fire tear gas, stun grenades on protest as UN envoy calls for action
iraq

Pope Francis holds historic meeting with Iraq's top Shi'ite cleric

Pope Francis holds historic meeting with Iraq's top Shi'ite cleric
politics

Thai police warn protesters risk arrest ahead of planned demonstrations

Thai police warn protesters risk arrest ahead of planned demonstrations
pakistan

Pakistani PM wins vote of confidence amidst opposition protest, boycott

Pakistani PM wins vote of confidence amidst opposition protest, boycott
coronavirus

Merck says study shows COVID-19 drug causes quick reduction in virus

Merck says study shows COVID-19 drug causes quick reduction in virus
More

Most Read

Stock Market Data

Powered By  Knowledge Direct
  • Dubai FM
    2,569.32
    130,794,352(-0.80% )
    04 MAR 2021 09:55
  • Abu Dhabi SE
    5,692.748
    163,261,616(-0.12% )
    04 MAR 2021 09:55
  • Saudi SE
    9,242.28
    507,268,996(-0.73% )
    04 MAR 2021 12:19
  • Egypt SE
    11,333.86
    148,094,288(-0.52% )
    04 MAR 2021 12:29

Most Active Stocks

More

Have news to share?
Email us at editorial.zawya@refinitiv.com, or send us your company press releases to pressrelease.zawya@refinitiv.com

ZAWYA
About zawyaContact us
RefinitivCopyright © 2021 Zawya. All Rights Reserved.  Privacy Statement. Terms & Conditions.  Do not sell my info.
Our Privacy Statement & Cookie Policy

This website uses cookies to improve your online experience. They were placed on your computer when you launched this website. You can change your cookie settings through your browser.

Privacy StatementCookie Policy