Al Sagr markets a liability product for craftsmen

On 17 October 2023, Al Sagr Cooperative Insurance was granted approval by the Saudi Arabian Central Bank (SAMA) to market a craftsmen liability insurance product. The new solution is targeted at individuals and companies.

Al Sagr has been operating in Saudi Arabia since 1983 as a subsidiary of Al Sagr National Insurance (United Arab Emirates). The company ended the 2022 financial year with a turnover of 475.264 million SAR (126.563 million USD).