Riyadh –  Solidarity Saudi Takaful Company has terminated the agency agreement it had signed with Wattad National Insurance Company on 13 October 2020 to market and sell its insurance products.

The termination comes as the agent is unable to continue fulfilling the liabilities stipulated in the contract, according to a stock exchange statement on Tuesday.

There will be no significant negative impact following the termination, Solidarity Saudi Takaful stated.

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2020 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.